Management Commentary

Mr. Rajesh Loomba, Chairman and Managing Director, stated that Q2 FY27 marks a strong recovery in profitability alongside sustained business growth. He highlighted the highest-ever quarterly revenue of ₹2,345.06 Mn, representing 10.9% sequential growth. EBITDA increased 27.9% quarter-on-quarter to ₹279.49 Mn, with EBITDA margin expanding by 158 basis points to 11.9%. Profit After Tax grew 21.4% year-on-year to ₹177.32 Mn.

The growth was driven by healthy business volumes and expanding customer relationships. Trip volumes increased 15% year-on-year to 1.58 million, taking total trips for H1 FY27 beyond 3 million. During the quarter, the company onboarded 72 new clients compared with 67 in the corresponding period last year, taking the active client base to 1,538. The company expanded its presence to 160 cities, supported by a network of over 20,500 vehicles.

The improvement in profitability reflects continued focus on cost efficiencies and operating leverage. The company maintains a scalable operating platform, strong enterprise relationships and a debt-free balance sheet.

Q2 FY27 Financial Performance

  • Revenue from operations: ₹2,345.06 Mn (vs. ₹2,142.08 Mn in Q2 FY26, +9.48% YoY)
  • Other income: ₹39.39 Mn (vs. ₹19.36 Mn in Q2 FY26)
  • Total income: ₹2,384.45 Mn (vs. ₹2,161.44 Mn in Q2 FY26, +10.32% YoY)
  • EBITDA (Excl. of Other Income): ₹279.50 Mn (vs. ₹245.65 Mn in Q2 FY26, +13.78% YoY)
  • EBITDA Margins: 11.92% (vs. 11.47% in Q2 FY26, +45.08 bps)
  • Profit Before Tax: ₹237.59 Mn (vs. ₹194.18 Mn in Q2 FY26, +22.36% YoY)
  • Tax Expense: ₹60.27 Mn (vs. ₹48.12 Mn in Q2 FY26)
  • Profit after tax: ₹177.32 Mn (vs. ₹146.06 Mn in Q2 FY26, +21.40% YoY)
  • PAT Margins: 7.44% (vs. 6.76% in Q2 FY26, +67.30 bps)
  • EPS: ₹2.96 (vs. ₹2.43 in Q2 FY26)

H1 FY27 Financial Performance

  • Revenue from operations: ₹4,458.78 Mn (vs. ₹3,953.27 Mn in H1 FY26, +12.79% YoY)
  • Other income: ₹76.87 Mn (vs. ₹48.12 Mn in H1 FY26)
  • Total income: ₹4,535.65 Mn (vs. ₹4,001.39 Mn in H1 FY26, +13.35% YoY)
  • EBITDA (Excl. of Other Income): ₹497.98 Mn (vs. ₹464.21 Mn in H1 FY26, +7.27% YoY)
  • EBITDA Margins: 11.17% (vs. 11.74% in H1 FY26, -57.39 bps)
  • Profit Before Tax: ₹429.23 Mn (vs. ₹380.89 Mn in H1 FY26, +12.69% YoY)
  • Tax Expense: ₹106.41 Mn (vs. ₹101.92 Mn in H1 FY26)
  • Profit after tax: ₹322.82 Mn (vs. ₹278.97 Mn in H1 FY26, +15.72% YoY)
  • PAT Margins: 7.12% (vs. 6.97% in H1 FY26, +14.54 bps)
  • EPS: ₹5.38 (vs. ₹4.65 in H1 FY26)

Balance Sheet Position (as of September 30, 2026)

  • Total Assets: ₹4,695.11 Mn (vs. ₹4,134.93 Mn as of March 31, 2026)
  • Property, plant and equipment: ₹659.38 Mn (vs. ₹533.65 Mn)
  • Right of use assets: ₹115.92 Mn (vs. ₹68.46 Mn)
  • Investments: ₹763.24 Mn (vs. ₹1,060.79 Mn)
  • Trade receivables: ₹1,114.56 Mn (vs. ₹1,070.21 Mn)
  • Cash and cash equivalents: ₹66.72 Mn (vs. ₹241.88 Mn)
  • Other bank balances: ₹182.77 Mn (vs. ₹69.86 Mn)
  • Other financial assets: ₹1,258.14 Mn (vs. ₹752.09 Mn)
  • Total Equity: ₹2,824.96 Mn (vs. ₹2,649.36 Mn)
  • Equity share capital: ₹120.00 Mn (unchanged)
  • Other equity: ₹2,704.96 Mn (vs. ₹2,529.37 Mn)
  • Non-controlling interest: ₹1.73 Mn (vs. ₹1.35 Mn)
  • Total Liabilities: ₹1,868.42 Mn (vs. ₹1,484.20 Mn)
  • Lease liability: ₹104.05 Mn (non-current) + ₹20.30 Mn (current) (vs. ₹61.04 Mn + ₹15.68 Mn)
  • Trade payables: ₹1,058.16 Mn (vs. ₹880.07 Mn)
  • Other financial liabilities: ₹483.33 Mn (vs. ₹346.19 Mn)
  • Borrowings: ₹0.00 Mn (vs. ₹1.07 Mn) - confirming debt-free status

Operational Highlights

  • Trip volumes: 1.58 million in Q2 FY27 (15% YoY growth)
  • Total trips for H1 FY27: beyond 3 million
  • New clients onboarded in Q2: 72 (vs. 67 in Q2 FY26)
  • Active client base: 1,538
  • Geographic presence: 160 cities in India
  • Vehicle network: over 20,500 vehicles
  • Direct presence in 30 cities

Business Overview

ECOS Mobility provides comprehensive solutions for corporate transportation requirements with a fleet of economy to luxury cars, mini vans & buses/vans. The company emphasizes high service quality with comprehensive technology enabling operational superiority. They maintain professionally trained & verified chauffeurs with best-in-class quality control, testing and certifications. The company positions itself as the largest and most profitable chauffeur-driven mobility provider to corporates in India.

Management Team

The presentation lists key management personnel including:

  • Rajesh Loomba - Chairman and Managing Director
  • Aditya Loomba - Joint Managing Director
  • Deepali Dev - Chief Operating Officer
  • Hem Kumar Upadhyay - Chief Financial Officer
  • Sanjay Kumar Sharma - Chief Business Officer - ETS
  • Manoj Gaur - Chief Strategic Initiatives Officer
  • Rini Ajeet - Head - Human Resources
  • Rajnish Sharma - Senior VP - Sales
  • Shweta Bhardwaj - Company Secretary & Compliance Officer