Hot Pursuit     25-Sep-24
Ecos (India) declines after recording contraction in net profit in Q1; EBITDA margin at 13.9%
Ecos (India) Mobility & Hospitality slipped 2.94% to Rs 482.95 after the company reported standalone net profit of Rs 13.50 crore in Q1 FY25, marking a de-growth of 2.87% as compared with the PAT of Rs 13.90 crore recorded in Q1 FY24.

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.

Previous News
  Ecos (India) Mobility & Hospitality IPO subscribed 9.55 times
 ( IPO Centre - IPO News 29-Aug-24   17:21 )
  Nifty below 25,150 mark; PSU bank stocks decline
 ( Market Commentary - Mid-Session 04-Sep-24   10:33 )
  Ecos (India) Mobility & Hospitality IPO subscribed 3.36 times
 ( IPO Centre - IPO News 28-Aug-24   17:32 )
  Ecos (India) Mobility & Hospitality consolidated net profit declines 3.08% in the June 2024 quarter
 ( Results - Announcements 25-Sep-24   07:30 )
  Board of ECOS (India) Mobility & Hospitality recommends final dividend
 ( Corporate News - 19-May-25   16:32 )
  ECOS (India) Mobility & Hospitality schedules board meeting
 ( Corporate News - 18-Sep-24   11:29 )
  Ecos (India) Mobility & Hospitality gains on debut
 ( Hot Pursuit - 04-Sep-24   10:17 )
  Ecos (India) Mobility & Hospitality consolidated net profit declines 4.37% in the September 2024 quarter
 ( Results - Announcements 11-Nov-24   15:43 )
  Ecos (India) Mobility & Hospitality consolidated net profit declines 9.68% in the December 2024 quarter
 ( Results - Announcements 12-Feb-25   17:43 )
  Shares of ECOS (India) Mobility & Hospitality list today
 ( Corporate News - 04-Sep-24   09:09 )
  Ecos (India) Mobility & Hospitality IPO subscribed 64.18 times
 ( IPO Centre - IPO News 30-Aug-24   17:49 )
Other Stories
  IRB Infra reports 8% YoY jump in Q1 FY26 toll revenue
  12-Jul-25   16:49
  RailTel Corp bags Rs 10-cr order from Indian Overseas Bank
  12-Jul-25   15:22
  NCC secures Rs 2,269-cr order from MMRDA for Mumbai Metro Line 6 project
  12-Jul-25   14:27
  RVNL bags LoA for OHE upgradation project from
  12-Jul-25   13:37
  Gland Pharma gets GMP certificate for Telangana-based facility from Danish Medicines Agency
  12-Jul-25   12:27
  RITES bags turnkey contract worth Rs 47 crore in Karnataka
  12-Jul-25   11:58
  Indegene launches NEXT Medical Writing Automation
  12-Jul-25   11:08
  Ajmera Realty’s sales value plunges 65% YoY to Rs 108 cr in Q1 FY26
  12-Jul-25   10:03
  Avenue Supermarts Q1 PAT drops to Rs 773 cr in FY26
  12-Jul-25   09:01
  Deepak Fertilisers, PCL sign long-term regasification pact with Petronet LNG
  11-Jul-25   15:29
Back Top