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 31st December 2022.
Highlights for Q3 FY22‐23 Consolidated Financials
- Revenue from operations stood at Rs. 985.72 crore as against Rs. 845.84 crore in Q2 FY22‐23 and Rs.562.77 crore in Q3 FY21‐22
- Profit Before Tax stands at Rs. 103.13 crore as against Rs. 82.27 crore in Q2 FY22‐23 and Rs. 55.09 crore in Q3 FY21‐22
- Profit After Tax reported was at Rs. 85.36 crore as against Rs. 72.63 crore in Q2 FY22‐23 and Rs. 46.29 crore in Q3 FY21‐22
- EPS stands at Rs. 13.22 (basic) and Rs. 13.22 (diluted)
9 months ended FY22‐23 (Consolidated)
Revenue from operations for the 9 months ended December 31, 2022 stood at Rs. 2,560.57 crore as compared to Rs. 1,375.96 crore in the 9 months ended December 31, 2021
Profit Before Tax (PBT) stood at Rs. 261.14 crore for the 9 months ended December 31, 2022 as compared to Rs. 148.41 crore in the 9 months ended December 31, 2021. The company’s PBT margin stood at 10.2%.
Profit After Tax (PAT) reported at Rs. 229.06 crore for the 9 months ended December 31, 2022 as against Rs. 122.66 crore in the 9 months ended December 31, 2021. PAT margin stood at 8.9%.
Commenting on the results, Mr. Rajdipkumar Gupta, Managing Director & Group Chief Executive Officer, Route Mobile Limited,said, “I want to thank the Route Mobile team for relentlessly delivering a staggering performance quarter after quarter. We have yet again exceeded our expectations in the quarter gone by. It gives me great pride to highlight that we have surpassed our pre-IPO FY2020 audited revenue of INR 9,563mn and an adjusted PAT of INR 843mn in just this quarter by clocking our best quarterly revenue of INR 9,857mn and an adjusted PAT of INR 1,010mn. This is despite the recent Covid issues, the Russia-Ukraine war, supply-side issues, and the current recessionary headwinds.”
He added, “Our focused approach, deep domain expertise, and, most importantly, our modular approach to creating multiple levers of growth across multiple geographies have been the bedrock of our success. We continue to progress significantly with quality deal wins across the CPaaS value chain.”
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:
Milind Pathak
Chief Business Officer
Route Mobile Limited
Email : press@routemobile.com
Tel: +91-22-40337676
Disclaimer:
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 fluctuationsin earnings, competitive intensity, pricing environmentin themarket, 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 businessstrategy. 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.