Board Meeting Details

The Board of Directors meeting was held on Friday, November 13, 2026. The meeting commenced at 12:15 PM and concluded at 4:30 PM IST.

Board Approvals

The Board considered and approved the following matters:

1. The Standalone and Consolidated Unaudited Financial Results of the Company for the quarter and half-year ended September 30, 2026, along with the Limited Review Report.

2. The constitution of the Strategy and Performance Review Committee and the terms of reference of the Committee.

Standalone Financial Performance (Q2 FY27)

Income:

  • Revenue from operations: ₹2,286.46 million
  • Other income: ₹40.12 million
  • Total Income: ₹2,326.58 million

Expenses:

  • Cost of services: ₹1,702.89 million
  • Employee benefits expenses: ₹223.95 million
  • Finance costs: ₹2.73 million
  • Depreciation and amortization expenses: ₹63.53 million
  • Other expenses: ₹88.55 million
  • Total Expenses: ₹2,081.65 million

Profitability:

  • Profit before tax: ₹244.93 million
  • Tax expense: ₹62.21 million (Current tax: ₹62.07 million, Tax relating to earlier years: ₹0.14 million, Deferred tax: ₹0.00 million)
  • Net profit after tax: ₹182.72 million
  • Other comprehensive loss (net of tax): ₹(3.37) million
  • Total comprehensive income: ₹179.35 million

Per Share Data (Face value ₹2 each):

  • Basic EPS: ₹3.05
  • Diluted EPS: ₹3.05

Standalone Financial Performance (H1 FY27)

Income:

  • Revenue from operations: ₹4,347.02 million
  • Other income: ₹78.30 million
  • Total Income: ₹4,425.32 million

Expenses:

  • Total Expenses: ₹3,990.66 million

Profitability:

  • Profit before tax: ₹434.66 million
  • Tax expense: ₹107.95 million
  • Net profit after tax: ₹326.71 million
  • Other comprehensive loss (net of tax): ₹(4.07) million
  • Total comprehensive income: ₹322.64 million

Per Share Data (Face value ₹2 each):

  • Basic EPS: ₹5.45
  • Diluted EPS: ₹5.45

Standalone Balance Sheet (as of September 30, 2026)

Assets:

  • Total non-current assets: ₹941.68 million
  • Total current assets: ₹3,525.29 million
  • Total Assets: ₹4,466.97 million

Equity & Liabilities:

  • Equity share capital: ₹120.00 million
  • Other equity: ₹2,658.01 million
  • Total Equity: ₹2,778.01 million
  • Total non-current liabilities: ₹180.95 million
  • Total current liabilities: ₹1,508.01 million
  • Total Liabilities: ₹1,688.96 million

Consolidated Financial Performance (Q2 FY27)

Income:

  • Revenue from operations: ₹2,345.06 million
  • Other income: ₹39.39 million
  • Total Income: ₹2,384.45 million

Expenses:

  • Total Expenses: ₹2,146.86 million

Profitability:

  • Profit before tax: ₹237.59 million
  • Tax expense: ₹60.27 million
  • Net profit after tax: ₹177.32 million (Attributable to owners: ₹177.17 million, Non-controlling interest: ₹0.15 million)
  • Other comprehensive loss (net of tax): ₹(3.21) million
  • Total comprehensive income: ₹174.11 million (Attributable to owners: ₹173.96 million, Non-controlling interest: ₹0.15 million)

Per Share Data (Face value ₹2 each):

  • Basic EPS: ₹2.96
  • Diluted EPS: ₹2.96

Consolidated Financial Performance (H1 FY27)

Income:

  • Revenue from operations: ₹4,458.78 million
  • Other income: ₹76.87 million
  • Total Income: ₹4,535.65 million

Expenses:

  • Total Expenses: ₹4,106.42 million

Profitability:

  • Profit before tax: ₹429.23 million
  • Tax expense: ₹106.41 million
  • Net profit after tax: ₹322.82 million (Attributable to owners: ₹322.43 million, Non-controlling interest: ₹0.39 million)
  • Other comprehensive loss (net of tax): ₹(4.05) million
  • Total comprehensive income: ₹318.77 million (Attributable to owners: ₹318.39 million, Non-controlling interest: ₹0.38 million)

Per Share Data (Face value ₹2 each):

  • Basic EPS: ₹5.38
  • Diluted EPS: ₹5.38

Consolidated Balance Sheet (as of September 30, 2026)

Assets:

  • Total non-current assets: ₹903.98 million
  • Total current assets: ₹3,791.13 million
  • Total Assets: ₹4,695.11 million

Equity & Liabilities:

  • Equity share capital: ₹120.00 million
  • Other equity: ₹2,704.96 million
  • Total equity attributable to owners: ₹2,824.96 million
  • Non-controlling interest: ₹1.73 million
  • Total Equity: ₹2,826.69 million
  • Total non-current liabilities: ₹184.20 million
  • Total current liabilities: ₹1,684.22 million
  • Total Liabilities: ₹1,868.42 million

Subsidiaries Included in Consolidation

The consolidated results include the following entities:

  • Ecos (India) Mobility and Hospitality Limited (Holding Company)
  • Consulttrans Technology Solutions Private Limited (Subsidiary)
  • Ecreate Events Private Limited (Wholly owned subsidiary)
  • Eco Car Rental Services Private Limited (Wholly owned subsidiary)
  • Ecos Fleet Management Services Private Limited (Wholly owned subsidiary w.e.f. June 11, 2025)

Dividend Information

The dividend of ₹2.38 per equity share, as recommended by the Board of Directors for the financial year 2025-26, was approved by shareholders at the 30th Annual General Meeting held on September 21, 2026, and paid in October 2026.

Auditor Information

The limited review of the unaudited standalone and consolidated financial results was carried out by the statutory auditor, S S Kothari Mehta & Co. LLP (Firm's Registration No. 000756N/N500441). The review reports state that nothing has come to their attention that causes them to believe that the statements contain any material misstatement.

Additional Notes

  • The company's business activity falls within a single segment: providing car rental services.
  • The financial results have been prepared in accordance with Indian Accounting Standard 34 (Interim Financial Reporting).
  • EPS figures are not annualized for the quarterly and half-year periods.