ECO Mobility reports 16.7% YoY revenue growth in Q1 FY27
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EBITDA Margin for Q1 FY27 stood at 10.34%, compared with 12.07% in Q1 FY26 and 11.68% in Q4 FY26, primarily reflecting changes in revenue mix and higher operating costs during the quarter.
ECOS (India) Mobility & Hospitality Limitead announced its unaudited financial results for the first quarter of financial year 2026-27 ended on June 30, 2026. Revenue from operations for Q1 FY27 stood at INR 2,113.72 million, a YoY growth of 16.70% and a sequential (QoQ) growth of 2.23%. EBITDA for the quarter stood at INR 218.47 million. EBITDA Margin for Q1 FY27 stood at 10.34%, compared with 12.07% in Q1 FY26 and 11.68% in Q4 FY26, primarily reflecting changes in revenue mix and higher operating costs during the quarter. Profit After Tax (PAT) for the quarter came in at INR 145.50 Mn, up 9.50% YoY and down by (7.54%) QoQ.
Operational Highlights for the quarter ending in June 2026 include completion of approximately 1.48 million trips during the quarter, a growth of around 27% YoY and ~7% QoQ, with ETS contributing 59% and CCR contributing 41% of revenue. The group onboarded 61 new clients during the quarter, compared with 53 in Q1 FY26, taking the active client base to approximately 1,400, up ~18% YoY. Expanded Pan-India presence to 151 cities, having added 20 new cities during the quarter, in addition to an international network spanning 100+ country. Owned and vendor-operated fleet grew to approximately 19,550 vehicles as on June 30, 2026, up ~29% from around 15,150 vehicles a year ago, while continuing to operate on an asset-light model.
EV fleet increased to 460 vehicles, compared with 390 vehicles at the end of Q4 FY26. Around 51% of revenue has continued to come from customers associated with ECO Mobility for more thanfive years, reflecting the strength of long-standing client relationships.
The group unveiled a major upgrade to proprietary, in-house technology platform—built to deliver greater scalability, speed and enhanced customer experience. Building its strategic tie-up with SIXT, with early traction seen from both business and leisure travelers under the exclusive India GSA arrangement. Strengthened leadership bandwidth in select areas as a deliberate investment ahead of the next phase of growth. The Board of Directors has recommended a final dividend of INR 2.38 per equity share for FY26, subject to approval of the shareholders at the upcoming Annual General Meeting.
Commenting on the overall performance of the Company, Rajesh Loomba, Chairman and Managing Director, ECO Mobility said, “Q1 FY27 saw healthy operating momentum. While margins during the quarter reflected changes in business mix and the operating cost environment, we remain focused on disciplined profitable growth and improving operating efficiency as we scale. We continue to strengthen our technology platform and deepen our capabilities to support the next phase of growth. During the quarter, we continued to strengthen our platform, with the launch of our new technology for CCR and further progress in our SIXT partnership. These initiatives expand the ways in which we can serve customers while remaining focused on our core enterprise business.”
“As we look ahead, our priorities remain adding high-quality enterprise relationships, deepening engagement with existing customers and selectively expanding into new markets. We believe the scale and capabilities we have built position ECO Mobility well to capture the long-term opportunity in organised corporate mobility,” he said.
