Conference Call with Route Mobile Ltd. Management and Analysts on Q2FY24 Performance and Outlook. Listen to the full earnings transcript.
Internet Software & Services company Route Mobile announced Q2FY24 results: Revenue from operations stood at Rs 1,014.61 crore as against Rs 845.84 crore in Q2FY23 Profit Before Tax stands at Rs 103.83 crore as against Rs 82.27 crore in Q2FY23 Profit After Tax reported was at Rs 88.35 crore as against Rs 72.63 crore in Q2FY23 EPS stands at Rs 14.21 (basic) and Rs 13.54 (diluted) Commenting on the results, Rajdipkumar Gupta, Managing Director & Group Chief Executive Officer, Route Mobile, said, “I am delighted to share that we have registered our highest ever quarterly revenue and a YoY growth of over 25% in both revenue and profits in H1FY24. Traditionally, in Q2, there is a dip in volumes globally. However, we have not only preserved our volumes but grown substantially. We have signed some big contracts in this quarter across APAC. I am extremely delighted about this progress, and I look forward to a successful H2”. He further added, “We have been recognized as a major player in the Gartner Magic Quadrant for CPaaS, featured as a key vendor in 4 Gartner Hype Cycles, and also awarded for Best Governance. We've set up an Integration Governance Committee, pooling in senior leaders from Proximus, Route Mobile, and Telesign, all working together to ensure smooth sailing”. Result PDF
Conference Call with Route Mobile Management and Analysts on Q1FY24 Performance and Outlook. Listen to the full earnings transcript.
Internet Software & Services company Route Mobile announced Q1FY24 results: Consolidated Q1FY24 vs Q1FY23: Revenue from operations stood at Rs 967.34 crore as against Rs 729.01 crore in Q1FY23 Profit Before Tax stands at Rs 110.23 crore as against Rs 75.74 crore in Q1FY23 Profit After Tax reported was at Rs 91.69 crore as against Rs 71.07 crore in Q1FY23 EPS stands at Rs 14.80 (basic) and Rs 14.80 (diluted) Consolidated Q1FY24 vs Q4FY23: Revenue from operations for Q1FY24 stood at Rs 967.34 crore compared to Rs 1,008.66 crore in Q4FY23. Profit Before Tax (PBT) stood at Rs 110.23 crore for Q1FY24 as compared to Rs 120.36 crore in Q4FY23. The company’s PBT margin stood at 11.4%. Profit After Tax (PAT) reported at Rs 91.69 crore for Q1FY24 as against Rs 104.05 crore in Q4FY23. PAT margin stood at 9.5%. Commenting on the results, Rajdipkumar Gupta, Managing Director & Group Chief ExecutiveOfficer, Route Mobile, said, “I am thrilled to share that Q1, despite being a seasonally weak quarter, we had an excellent start to financial year FY24 with an exemplary 33% YoY growth. We are well on track to achieve our revenue growth guidance for FY24. We have seen a robust growth in CPaaS and Firewall business with the signing of large contracts. We will also continue to gain significant market share in India and benefit from the NLD (domestic) price increase, slated to happen from August 1." He further added, “We are again recognized as a Tier 1 vendor in A2P SMS Market Impact Report in MNO & Enterprise categories. This shows the confidence and trust our partners and customers have in us”. Result PDF
Internet Software & Services company Route Mobile announced Q4FY23 & FY23 results: Consolidated Q4FY23: Revenue from operations stood at Rs 1,008.66 crore as against Rs 626.07 crore in Q4FY22 Profit Before Tax stands at Rs 120.36 crore as against Rs 46.81 crore in Q4FY22 Profit After Tax reported was at Rs 104.05 crore as against Rs 47.42 crore in Q4FY22 EPS stands at Rs 16.29 (basic and diluted) Consolidated FY23: Revenue from operations for FY23 stood at Rs 3,569.23 crore as against Rs 2,002.03 crore in FY22 Profit Before Tax (PBT) stood at Rs 381.50 crore for FY22-23 as against Rs 195.22 crore in FY22. The company’s PBT margin stood at 10.69% (on revenue) Profit After Tax (PAT) reported stood at Rs 333.11 crore for FY23 as against Rs 170.08 crore in FY22. PAT margin stood at 9.33% (on revenue) Commenting on the results, Rajdipkumar Gupta, Managing Director & Group Chief Executive Officer, Route Mobile, said, “As we close out FY2023, it is my pleasure to share that ROUTE MOBILE has reached a significant milestone, achieving an annual run rate of half a billion dollars in revenue. It's remarkable to have the entire Route Mobile team continually raising the bar and achieving exceptional results that have helped propel our company's revenue to new heights. This is despite the slow pace of global economic development due to the ongoing battle against inflation. Route Mobile is a global CPaaS provider and one of the leaders in driving increased mobile engagement. Considering the strong traction across new products, we have created dedicated SBUs for each of the new products. Our ambition does not stop here, as we aspire to become a billion-dollar revenue company over the next 3-4 years, through a strategic blend of organic and inorganic growth.” He further added, "Our impressive performance in Q4FY2023 has helped us end the year on a high note, with the quarter’s revenue being the highest we have ever achieved. This has been driven by our strategy of developing numerous growth levers across various geographies, new product launches, entrepreneurial collaborations, and our unwavering determination to deliver high-quality contract wins across the CPaaS value chain." Result PDF