Ecos (India) Mobility & Hospitality Ltd Share Price – NSE  / BSE

Miscellaneous, Small Cap

Net profit of Ecos (India) Mobility & Hospitality declined 4.37% to Rs 15.75 crore in the quarter ended September 2024 as against Rs 16.47 crore during the previous quarter ended September 2023. Sales rose 15.75% to Rs 159.59 crore in the quarter ended September 2024 as against Rs 137.88 crore during the previous quarter ended September 2023.

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ECOS (India) Mobility & Hospitality will hold a meeting of the Board of Directors of the Company on 11 November 2024

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Revenue from operations increased by 14.01% to Rs 148.90 crore in Q1 FY25 from Rs 130.60 crore posted in Q1 FY24.

The firm reported quarterly EBITDA of Rs 20.70 crore in Q1 FY25, registering a de-growth of 5.90% on a year-on-year (YoY) basis.

EBITDA margin was 13.9% in Q1 FY25 as against 16.9% in Q1 FY24. This decline was mainly on account of investment in manpower and increase in other costs.

Profit before tax stood at Rs 18.74 crore in the quarter ended 30 June 2024, down 1.36% YoY.

Rajesh Loomba, chairman & MD, ECOS said: Our revenue from operations grew 14% year on year in the first quarter. This is despite the one- time business that we carried out during the G20 convention in Q1FY24.

Our business continues to gain traction, adding new customers as well as increasing our wallet share from existing customers in both chauffeured car rentals and employee transportation solutions.

ECO (India) Mobility & Hospitality is the largest chauffeur driven mobility provider, to corporates in India. The company are primarily engaged in the business of providing chauffeured car rentals (CCR) and employee transportation services (ETS) and have been providing these services to corporate customers.

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Net profit of Ecos (India) Mobility & Hospitality declined 3.08% to Rs 13.51 crore in the quarter ended June 2024 as against Rs 13.94 crore during the previous quarter ended June 2023. Sales rose 13.98% to Rs 148.89 crore in the quarter ended June 2024 as against Rs 130.63 crore during the previous quarter ended June 2023.

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