Ecos Mobility Reports Strong Q3 FY26 Growth with 22.8% Revenue Increase
Ecos Mobility reported robust Q3 FY26 results with revenue growing 22.8% YoY to ₹206.07 crores, supported by strong performance across CCR and ETS segments. The company added 39 new clients, expanding its active client base to 1,734, while trip volumes surged 31.29% to 1.3 million. Despite strong top-line growth, EBITDA margins compressed to 11.33% due to investments in new client acquisition and digital transformation initiatives.
*this image is generated using AI for illustrative purposes only.
Ecos (India) Mobility & Hospitality Limited has released the complete transcript of its Q3 FY26 earnings conference call held on February 11, 2026, revealing strong operational and financial performance for the quarter ended December 31, 2025.
Strong Financial Performance
The company delivered robust revenue growth of 22.8% year-on-year in Q3 FY26, reaching ₹206.07 crores. This growth was driven by higher activity levels across both the Chauffeur-driven Car Rentals (CCR) and Employee Transportation Services (ETS) segments.
| Financial Metric: | Q3 FY26 | Growth (YoY) |
|---|---|---|
| Revenue: | ₹206.07 crores | 22.8% |
| EBITDA: | ₹23.36 crores | 8.05% |
| EBITDA Margin: | 11.33% | -152 bps |
| PAT: | ₹13.94 crores | 9.12% |
For the nine-month period, revenue from operations stood at ₹601.40 crores, representing a 26.15% year-on-year increase, while EBITDA reached ₹69.78 crores with a margin of 11.60%.
Operational Highlights
The company demonstrated strong operational momentum with trip volumes reaching 1.3 million in Q3 FY26, marking a 31.29% increase compared to Q3 FY25. Total trip volumes for the first nine months stood at 3.84 million trips.
| Operational Parameter: | Details |
|---|---|
| New Clients Added (Q3): | 39 |
| Total Active Clients: | 1,734 |
| Client Growth (YoY): | 34% |
| Fleet Capacity: | 19,000+ vehicles |
| Owned Fleet: | 997 units |
Business Segment Performance
Both business segments showed strong growth during the quarter. The CCR segment grew by approximately 30% year-on-year, while the ETS segment expanded by 24%. In terms of revenue contribution, CCR accounts for 43% of total revenue, with ETS contributing 57%.
Digital Transformation Progress
Ecos Mobility continues its digital transformation journey with over 21% of CCR bookings from corporate clients now powered by ECOS CabDrive Pro, APIs, and customer app platforms. The company launched its direct web booking portal during the quarter, extending enterprise-grade services to individual users and SMEs.
Geographic Expansion
The company operates across 131 cities in India and maintains presence in over 30 countries globally. Major Tier-1 and Tier-2 cities including Bangalore, Delhi, Gurugram, Mumbai, and Hyderabad together contribute 60% of total revenue. The company inaugurated its second office in Bengaluru to strengthen its presence in the technology hub.
Management Outlook
Chairman and Managing Director Rajesh Loomba highlighted the company's focus on gaining market share in the fragmented mobility industry. While margins may remain moderated in the near term due to investments in technology and talent acquisition, management expects to reach an inflection point at ₹1,000-1,200 crores revenue level where operating leverage will drive margin improvement.
The company maintains its long-term revenue growth guidance of 15-20% and EBITDA margin target of 13-15%. Client retention remains strong with 55% of nine-month revenue contributed by clients associated with Ecos for over five years, demonstrating the strength of long-term relationships.
Historical Stock Returns for ECOS Mobility & Hospitality
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -6.45% | -5.61% | -31.87% | -56.49% | -32.26% | -71.53% |
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