Internet Software & Services company Route Mobile announced Q2FY25 results Revenue from operations stood at Rs 1,113.41 crore as against Rs 1,014.61 crore in Q2FY24. Profit Before Exceptional item and Tax stands at Rs 131.06 crore as against Rs 103.83 crore in Q2FY24. Profit After Tax reported was at Rs 107.03 crore as against Rs 88.35 crore in Q2FY24. PAT in Q2FY25 was further boosted by exceptional item amounting to Rs 6.28 crore which is net of the fair value gain on contingent consideration pertaining to acquisition of a subsidiary in previous years and recognition of impairment loss of goodwill pertaining to a step-down subsidiary. EPS stands at Rs 16.12 (basic) and Rs 16.12 (diluted) for Q2FY25. Guillaume Boutin, Chairman, Route Mobile, said: “This is an incredible show from the Route Mobile team. I am delighted about the strong growth and performance. As we continue to integrate and explore synergies with other group companies within Proximus, we are confident of unlocking a higher value for all our customers and stakeholdeRs The developments from the previous quarter indicate that we are on the right track”. Rajdipkumar Gupta, Managing Director & Group Chief Executive Officer, Route Mobile Limited, said: “I am extremely delighted with our performance in Q2, we have posted our highest ever quarterly revenue, despite Q2 being a seasonally weak quarter. We remain very optimistic about our growth prospects in Q3 owing to the festive season ahead of us. We continue to set new benchmarks in the industry. We have been awarded the 'Solutions Partner of the Year' award by Meta and we expanded our Metro ticketing coverage to Mumbai Metro”. He further added, “We continue to work closely within the Proximus Group to realize the identified synergies across COGS, cross-sell and Opex savings. In addition, we are also working on a few large group synergies”. Result PDF
Conference Call with Route Mobile Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.
Internet Software & Services company Route Mobile announced Q1FY25 results: Financial Highlights: Revenue from operations stood at Rs 1,103.42 crore as against Rs 967.34 crore in Q1FY24 Profit Before Tax stands at Rs 102.88 crore as against Rs 110.23 crore in Q1FY24 Profit After Tax reported was at Rs 81.16 crore as against Rs 91.69 crore in Q1FY24 EPS stands at Rs 12.51 (basic) and Rs 12.51 (diluted) Talking about the results, Guillaume Boutin, Chairman, Route Mobile Limited, said, “I’m proud of Route Mobile’s first quarter results, making us one of the fastest growing companies in the CPaaS industry, thanks to the exposure to fast growing markets and economies. These results, along with our expectations for the year, underscore the advantages of our international strategy. The fact that these growth rates were reached during the integration phase with the Proximus Group is a clear testimonial of the team’s remarkable determination and adaptability”. Commenting on the results, Rajdipkumar Gupta, Managing Director & Group Chief Executive Officer, Route Mobile Limited, said, “We have started the new financial year with a strong performance in Q1. This is our highest quarterly revenue so far. We became the largest enabler of WhatsApp based ticketing for metros in India and we continue to deploy such unique solutions at scale, across industries. We have also been featured in the Gartner Magic Quadrant for CPaaS 2024”. He further added, “We are now a part of the Proximus group and the synergies are starting to emerge, like the deal between Proximus and Microsoft which will further expand the reach of our solutions and open new opportunities for us. We look forward to a successful year”. Result PDF
Conference Call with Route Mobile Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.
Internet Software & Services company Route Mobile announced consolidated Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Revenue from operations stood at Rs 1,017.03 crore as against Rs 1,008.66 crore in Q4FY23 Profit Before Tax stands at Rs 109.39 crore as against Rs 120.36 crore in Q4FY23 Profit After Tax reported was at Rs 95.16 crore as against Rs 104.05 crore in Q4FY23 EPS stands at Rs 14.05 (basic) and Rs 13.87 (diluted) FY24 Financial Highlights: Revenue from operations for the full year ended March 31, 2024 stood at Rs 4,023.29 crore as against Rs 3,569.23 crore in FY23. Profit Before Tax (PBT) stood at Rs 455.08 crore for FY24 as against Rs 381.50 crore in FY23. The Company’s PBT margin stood at 11.31% (on revenue). Profit After Tax (PAT) reported at Rs 388.84 crore for FY24 as against Rs 333.11 crore in FY23. PAT margin stood at 9.66% (on revenue). Commenting on the Company’s FY24 performance, Rajdip Gupta, MD & Group Chief Executive Officer, Route Mobile, said, “FY24 has been a remarkable year for Route Mobile. We registered our highest quarterly revenues in Q2 & Q3 and registered good growth in H1. We continue to acquire some large customers and deliver unique solutions across industries. I am very proud of the team and congratulate them on a great performance. We were awarded ‘Enterprise MarTech Vendor of the year’ by e4m & ‘Best Mobile Authentication Solution’ by Juniper Research in Q4” He further added, “The CPaaS industry is witnessing some headwinds since November 2023 in terms of enterprise cost optimization initiatives, particularly from global OTTs and shifts in communication channels. We remain vigilant of these changes and our strategic roadmap is well aligned to leverage the emerging opportunities. We have secured strategic deals and laid the groundwork for a stronger FY25”. Result PDF