Ecos (India) Mobility & Hospitality Limited — Updates, 12-11-2024: Press Release

ECOS (India) Mobility & Hospitality Limited reported a strong performance for the second quarter and half-year ended September 30, 2024. Total revenue surged to ₹1,623.18 million for Q2 FY25, marking a year-on-year growth of 16.06%, with revenue from operations at ₹1,595.87 million. However, the EBITDA declined to ₹236.08 million, reflecting a decrease of 4.12% from the previous year, while the EBITDA margin dropped to 14.79% due to rising operational costs. Profit after Tax (PAT) also saw a decrease to ₹157.48 million, down 4.40%.

For the half-year, total revenue was ₹3,139.16 million, up 15.41% compared to the same period last year, driven primarily by demand for Employee Transportation Services. Despite this growth, PAT decreased to ₹292.53 million, indicating a need to control costs to improve margins.

Looking ahead, the company plans to expand its fleet and enhance service quality, with hopes of increased demand in the Chauffeured Car Rentals segment during the second half of FY25. There's a positive outlook for growth, driven by strategic partnerships and geographic expansions. Investors should monitor these developments closely.