Route Mobile Ltd. announces Q2 & H1 FY23 Results
Mumbai: October 21th, 2022: 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 crores as against Rs. 435.7 crores in Q2FY22
· Profit Before Tax stands at Rs 82.3 crore as against Rs. 50.4 crores in Q2FY22
· Profit After Tax reported was at Rs. 72.6 crores as against Rs. 42.1 crores 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 crores as compared to Rs. 729.0 crores in Q1 FY23
Profit Before Tax (PBT) stood at Rs. 82.3 crores for Q2 FY23 as compared to Rs. 75.7 crores in Q1 FY23. The
company’s PBT margin stood at 9.7%.
Profit After Tax (PAT) was reported at Rs. 72.6 crores for Q2 FY23 as against Rs. 71.1 crores 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.”