Q1 2027 ECOS (India) Mobility & Hospitality Ltd Earnings Call Transcript
Key Points
- Revenue grew 16.7% year-on-year to INR 2,113.72 million, with trip volumes up 27%.
- Added 61 new clients during the quarter, bringing the active client base to 1,400, a year-on-year increase of 18%.
- Expanded domestic footprint to 151 cities, adding 20 new cities, and international network now covers over 100 countries.
- Strong balance sheet with cash and investments of INR 1,558 million, supporting growth initiatives and a recommended dividend of INR 2.38 per share.
- Continued investment in technology, including a major upgrade to the proprietary platform and the upcoming B2C app launch, to drive operational efficiency and customer experience.
- EBITDA margin declined to 10.3% from 12.0% in Q1 FY26, below the guided 11%-13% range, due to intense pricing pressure and higher operating costs.
- Management revised FY27 EBITDA margin guidance down to around 10%, indicating no bottom-line growth despite expected revenue growth.
- Gross margins declined, particularly in the ETS segment, as the company absorbed price reductions to win business in a highly competitive market.
- Employee costs rose 21.9% year-on-year, with expectations of further growth, reflecting investments in leadership and operations that have yet to yield operating leverage.
- Pricing pressure in the ETS segment is more intense than anticipated, and management cannot predict when it will moderate, creating uncertainty for future margins.
Ladies and gentlemen, good day and welcome to ECOS India Mobility and Hospitality Limited Q1 FY27 Earnings Conference Call hosted by AdFactors PR. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. (Operator Instructions)
Please note that this conference is being recorded. I now hand the conference over to Ms. Harshika Mutreja from AdFactors PR.
Thank you and over to you.
Thank you. Good morning, everyone. A warm welcome to you all, and thank you for joining us today for Eco India Mobility and Hospitality Limited's Quarter One Financial Year 2027 only conference call.
We truly appreciate your time and continued interest in the company. We are pleased to have with us the senior management team, led by our Chairman and Managing Director, Mr. Rajesh Loomba, who will share his perspective on the company's performance for the quarter and the key business developments during the period. He
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