Ecos Mobility September-quarter profit rises 21% on revenue

Ecos (India) Mobility & Hospitality Limited reported consolidated net profit of Rs 17.732 crore for the quarter ended September 30, 2026, up 21.4% from Rs 14.606 crore a year earlier, while revenue from operations rose 9.5% to Rs 234.506 crore. Ecos Mobility’s profit increase exceeded revenue growth during the reported quarter.

How did Ecos Mobility perform in the September quarter?

Ecos Mobility increased consolidated total income to Rs 238.445 crore in the quarter ended September 30, 2026, from Rs 216.144 crore in the corresponding quarter of 2025, an increase of 10.3%. Revenue from operations rose from Rs 214.208 crore to Rs 234.506 crore, while other income increased from Rs 1.936 crore to Rs 3.939 crore.

Net profit after tax increased to Rs 17.732 crore from Rs 14.606 crore, and profit before tax rose 22.4% to Rs 23.759 crore from Rs 19.418 crore. Basic and diluted earnings per share, or EPS, were Rs 2.96 in the September 2026 quarter, compared with Rs 2.43 a year earlier; Ecos Mobility said quarterly EPS is not annualised.

What changed in Ecos Mobility’s costs and profitability?

Ecos Mobility’s consolidated total expenses increased 9.1% to Rs 214.686 crore in the September 2026 quarter from Rs 196.726 crore a year earlier, below the 10.3% increase in total income. Cost of services rose to Rs 173.732 crore from Rs 154.245 crore, while employee benefit expenses increased to Rs 23.409 crore from Rs 21.714 crore.

Depreciation and amortisation expense was Rs 7.822 crore, compared with Rs 6.9 crore in the September 2025 quarter, while finance costs increased to Rs 3.08 lakh from Rs 18.3 lakh. Total tax expense was Rs 6.027 crore compared with Rs 4.812 crore, including deferred-tax credits of Rs 22.2 lakh and Rs 1.962 crore, respectively.

Ecos Mobility also reported higher figures than in the quarter ended June 30, 2026, when revenue from operations was Rs 211.372 crore and net profit was Rs 14.55 crore. September-quarter revenue was 10.9% above the preceding quarter and net profit was 21.9% higher, based on the reported consolidated figures.

How did Ecos Mobility perform in the first six months?

Ecos Mobility reported consolidated revenue from operations of Rs 445.878 crore for the six months ended September 30, 2026, up 12.8% from Rs 395.327 crore in the same period of 2025. Net profit after tax increased 15.7% to Rs 32.282 crore from Rs 27.897 crore, while profit before tax rose to Rs 42.923 crore from Rs 38.089 crore.

Total income for the six-month period rose to Rs 453.565 crore from Rs 400.139 crore, while total expenses increased to Rs 410.642 crore from Rs 362.05 crore. Cost of services grew to Rs 332.461 crore from Rs 285.803 crore, and employee benefit expenses increased to Rs 47.172 crore from Rs 41.203 crore.

Basic and diluted EPS for the six months was Rs 5.38, compared with Rs 4.65 in the corresponding period. Of the Rs 32.282 crore consolidated net profit, Rs 32.243 crore was attributable to owners of Ecos Mobility and Rs 3.9 lakh was attributable to non-controlling interest.

What do Ecos Mobility’s cash flow and balance-sheet figures show?

Ecos Mobility generated Rs 10.952 crore of net cash from operating activities in the six months ended September 30, 2026, down from Rs 20.591 crore in the year-earlier period. Operating profit before working-capital changes was Rs 52.021 crore, compared with Rs 55.087 crore a year earlier, while changes in operating assets and liabilities used Rs 27.982 crore.

The working-capital movement included a Rs 31.938 crore increase in trade receivables and a Rs 15.722 crore increase in other assets, partly offset by a Rs 18.829 crore increase in trade payables. Income taxes paid were Rs 13.087 crore, compared with Rs 13.155 crore in the prior-year six-month period.

Investing activities used Rs 26.846 crore, compared with an outflow of Rs 1.208 crore a year earlier, including Rs 27.39 crore spent on property, plant and equipment. Cash and cash equivalents declined to Rs 6.672 crore at September 30, 2026, from Rs 24.188 crore at March 31, 2026, after a net decrease of Rs 17.516 crore during the six months.

Consolidated total assets stood at Rs 469.511 crore at September 30, 2026, compared with Rs 413.493 crore at March 31, 2026. Total equity increased to Rs 282.669 crore from Rs 265.072 crore, while total liabilities rose to Rs 186.842 crore from Rs 148.421 crore; current liabilities accounted for Rs 168.422 crore of the September total.

Does Ecos Mobility report separate business segments?

Ecos Mobility reports one business segment, car rental services, under Indian Accounting Standard 108, or Ind AS 108, on segment reporting. Management said it considers there to be one reportable segment, so the September 2026 results do not provide revenue, profit or asset breakdowns by service line or geography.

Ecos Mobility’s unaudited standalone and consolidated results were reviewed by its Audit Committee and approved by its board on November 13, 2026. Its statutory auditor conducted the limited review for the quarter and six months ended September 30, 2026, as required under the applicable listing regulations.

Conclusion

Ecos Mobility reported profit growth ahead of revenue growth in the September 2026 quarter, with consolidated net profit up 21.4% and revenue from operations up 9.5%. The six-month figures also showed higher revenue and profit than a year earlier, although net operating cash flow fell to Rs 10.952 crore as receivables and other assets increased.

The main disclosed matter to watch is working-capital movement, after trade receivables rose by Rs 31.938 crore in the six months ended September 30, 2026 and operating cash flow declined from Rs 20.591 crore a year earlier. Ecos Mobility disclosed no revenue target, expansion plan or scheduled operating milestone in these results; it said a Rs 2.38-per-share dividend for financial year 2025-26 was paid in October 2026 after shareholder approval on September 21, 2026.