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Route Mobile Ltd Q2FY24; 21% rise in Profits

Route Mobile is a Cloud Communication Platform provider, catering to enterprises, over-the-top (OTT) players and mobile network operators (MNO). Their product portfolio includes smart solutions in Messaging, Voice, Email, and SMS Filtering, Analytics & Monetization. It was incorporated in 2004. It was listed in September, 2020. The promoters have over 2 decades of experience in the software and the communications sector.

Financial Results:

Route Mobile Ltd reported Revenues for Q2FY24 of ₹1,015.00 Crores up from ₹846.00 Crore year on year, a rise of 19.98%.

Total Expenses for Q2FY24 of ₹914.00 Crores up from ₹766.00 Crores year on year, a rise of 19.32%.

Consolidated Net Profit of ₹88.00 Crores up 20.55% from ₹73.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹14.18, up 19.76% from ₹11.84 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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