Categories Earnings, Technology

Route Mobile Ltd Q4FY23 results out, revenue grows by 61%

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. 

  • Route Mobile Ltd reported Total revenue for Q4 FY23 of ₹1,009 Crore, up from ₹626 Crore year on year depicting a growth of 61%.
  • Total Expenses for Q4 FY23 of ₹877 Crore up, from ₹570 Crore year on year, a growth of 54%. 
  • Consolidated Net Profit of ₹104 Crore, up 121% from ₹47 Crore in the same quarter of the previous year. 
  • The Earnings per Share is ₹16.27, up 124% from ₹7.25 in the same quarter of the previous year.

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