Route Mobile Limited (“Route Mobile”), a leading cloud communication platform service provider to enterprises, over-the-top (“OTT”) players and mobile network operators, has announced its financial results for the second quarter that ended on 30th September 2022.
Highlights for Q2FY23 (YoY) Consolidated Financials
- Revenue from operations stood at Rs. 845.8 crore as against Rs. 435.7 crore in Q2FY22
- Profit Before Tax stands at Rs 82.3 crore as against Rs. 50.4 crore in Q2FY22
- Profit After Tax reported was at Rs. 72.6 crore as against Rs. 42.1 crore in Q2FY22
- EPS stands at Rs. 11.76 (basic) and Rs. 11.76 (diluted)
Q2 FY23 Vs Q1 FY23 (Consolidated)
Revenue from operations for the quarter that ended September 30th, 2022 stood at Rs. 845.8 crore as compared to Rs. 729.0 crore in Q1 FY23
Profit Before Tax (PBT) stood at Rs. 82.3 crore for Q2 FY23 as compared to Rs. 75.7 crore in Q1 FY23. The company’s PBT margin stood at 9.7%.
Profit After Tax (PAT) reported at Rs. 72.6 crore for Q2 FY23 as against Rs. 71.1 crore in Q1 FY23. PAT margin stood at 8.6%.
Commenting on the results, Mr. Rajdipkumar Gupta, Managing Director & Group Chief Executive Officer, Route Mobile Limited , said,” I’m happy to announce that we have achieved yet another best quarterly revenue and operating profit to date. With this we mark six consecutive quarters of sequential revenue and adjusted PAT growth, demonstrating the stability of our business model. This is despite the geopolitical tensions, massive volatility across various currencies, and various other uncertainties that we are all grappling with.
The underlying strength in the business continues to be robust, and we are optimistic of inching close to a 60% YoY revenue growth in FY2023. This is fueled by our resilient platform, deep domain expertise, and a highly capable Route Mobile Team spread across 20 global locations. The steady growth is a result of winning quality deals worldwide, and the revenues underline our increased value proposition and improved market competitiveness.”
About Route Mobile Limited (www.routemobile.com) BSE: 543228; NSE: ROUTE)
Established in 2004, Route Mobile Limited (“RML”) is a cloud communications platform service provider, catering to enterprises, over-the-top (OTT) players and mobile network operators (MNO). RML’s portfolio comprises solutions in messaging, voice, email, SMS filtering, analytics and monetization. RML has a diverse enterprise client base across a broad range of industries including social media companies, banks and financial institutions, e-commerce entities and travel aggregators. RML is headquartered in Mumbai, India with a global presence in the Asia Pacific, the Middle East, Africa, Europe and North America.
For more information, contact:
Global Head – Marketing & Communication, Route Mobile Limited
Some of the statements, concerning our future growth prospects, in this communication may be forward-looking statements within the meaning of applicable laws and regulations. Actual results may differ from such expectations, projections etc., whether expressed or implied. These forward-looking statements are based on various assumptions, expectations and other factors which are not limited to, risk and uncertainties regarding fluctuations in earnings, competitive intensity, pricing environment in the market, economic conditions affecting demand and supply, ability to maintain and manage key customer relationships, new or changed priorities of trade, significant changes in political stability in India and globally, government regulations and taxation, climatic conditions, natural calamity, war, pandemic, currency rate fluctuations, litigation among others over which the Company does not have any direct control. These factors may affect our ability to successfully implement our business strategy. The Company cannot, therefore, guarantee that the ‘forward-looking’ statements made herein shall be realized. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.