ECOS Mobility Reports 34% Revenue Surge in Q2 FY26, Maintains Growth Outlook Despite One-Time Provision

ECOS Mobility & Hospitality , a leading corporate managed mobility solutions provider, has reported a robust 34% year-on-year increase in revenue for the second quarter of fiscal year 2026. The company achieved a record quarterly revenue of Rs 2,142 million, driven by strong performance in both its Employee Transport Services (ETS) and Chauffeured Car Rentals (CCR) segments.

Key Highlights

Revenue from operations reached Rs 2,142 million in Q2 FY26, up 34% year-on-year
EBITDA grew by 4% year-on-year to Rs 245.6 million
Trip volume increased by 33.5% compared to Q2 FY25
67 new enterprise clients added, bringing the total active client base to 1,470
Fleet capacity expanded to over 18,000 vehicles, including 1,002 owned units

Financial Performance

Despite the strong top-line growth, ECOS reported a slight decline in profitability metrics due to a one-time provision:

Metric	Q2 FY26	YoY Change
Revenue	2,142.00	+34%
EBITDA	245.60	+4%
EBITDA Margin	11.47%	-332 bps
Profit After Tax	146.00	-7%

The company took a one-time doubtful debt provision of Rs 79.14 million related to previous years, which impacted the EBITDA margin. Excluding this provision, the underlying margins remained in line with the previous year.

Segment Performance

ECOS operates in two key segments:

Employee Transport Services (ETS): Contributed 59% of Q2 revenue
Chauffeured Car Rentals (CCR): Accounted for 41% of Q2 revenue

The company reported strong growth across both segments, with particular traction in the BFSI sector and Global Capability Centers (GCCs).

Operational Highlights

ECOS continued to expand its presence, now operating in over 128 cities across India and more than 30 countries globally. The company's client base includes Fortune 500 companies, BSE 500 companies, and fast-growing Indian enterprises.

Rajesh Loomba, Chairman and Managing Director of ECOS, commented on the results: "Quarter 2 marked our best-ever performance in terms of revenue. It was driven by exponential growth in the ETS and CCR business. The resilience of our client base and our extensive geographic footprint enabled us to deliver robust top-line growth while maintaining a healthy gross margin."

Future Outlook

Despite the strong performance in the first half of FY26, ECOS maintains its conservative revenue growth guidance of 17-20% for the full year. The company plans to focus on:

Adding new clients and enhancing wallet share from existing clients
Expanding presence across new geographies, both domestically and internationally
Strengthening technology capabilities to drive sustainable long-term growth

Conclusion

ECOS Mobility's strong Q2 FY26 performance demonstrates its ability to capitalize on the growing demand for organized and reliable mobility partners. While the one-time provision impacted short-term profitability, the company's underlying operational performance remains solid. With a focus on strategic investments and expansion, ECOS appears well-positioned to maintain its growth trajectory in the coming quarters.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.46%	+17.24%	+8.33%	+14.88%	-32.13%	-46.30%

ECOS Mobility & Hospitality , a leading provider of ground transportation services, has successfully appointed Ms. Vandana Chamaria as an Independent Director following a special resolution passed through postal ballot. The resolution received overwhelming support from shareholders, with 99.998% of votes cast in favor.

Voting Details

The remote e-voting process, conducted from October 13 to November 11, saw active participation from the company's shareholders. Here's a breakdown of the voting results:

Particulars	Details
Total Eligible Shareholders	49,099
Total Votes Cast	49,350,211
Votes in Favor	49,349,050
Votes Against	1,161

The high voter turnout and overwhelming support demonstrate strong shareholder confidence in the company's decision to appoint Ms. Chamaria.

Company Overview

ECOS Mobility & Hospitality is a prominent player in the ground transportation sector, operating in over 100 cities across India and more than 30 countries worldwide. The company's extensive reach underscores its significant presence in the global mobility and hospitality industry.

Corporate Governance

The appointment of Ms. Vandana Chamaria as an Independent Director aligns with ECOS Mobility & Hospitality's commitment to robust corporate governance. Independent directors play a crucial role in providing unbiased perspectives and ensuring the protection of all stakeholders' interests.

Investor Relations

In a separate announcement, ECOS Mobility & Hospitality demonstrated its commitment to transparency and investor communication. The company held an earnings conference call on November 11 to discuss its financial and operational performance for the quarter ended September. The audio recording of this call has been made available to investors, further enhancing the company's engagement with its stakeholders.

This appointment and the company's proactive approach to investor relations reflect ECOS Mobility & Hospitality's dedication to maintaining high standards of corporate governance and stakeholder engagement as it continues to expand its global footprint in the mobility and hospitality sector.