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
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