Categories Earnings, Research Summary, Technology

Route Mobile Limited Q3FY23 Earnings Summary

Cloud communication platform provider Route Mobile serves businesses, OTT players, and mobile network providers (MNO). Smart solutions in messaging, voice, email, and SMS filtering, analytics, and monetization are all part of their product line.

Financial Results:

Consolidated profit before tax (PBT) stood at ₹ 103 crores in Q3FY23, reporting a growth of 87.20% from ₹ 55.09 crore reported in Q3FY22.

“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.”

– Mr. Rajdipkumar Gupta, MD & CEO

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