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
Conference Call with Route Mobile Management and Analysts on Q3FY23 Performance and Outlook. Listen to the full earnings transcript.
Internet software & services company Route Mobile announced Q3FY23 results: Q3FY23: Revenue from operations stood at Rs 985.72 crore as against Rs 845.84 crore in Q2FY23 and Rs 562.77 crore in Q3FY22 Profit Before Tax stands at Rs 103.13 crore as against Rs 82.27 crore in Q2FY23 and Rs 55.09 crore in Q3FY22 Profit After Tax reported was at Rs 85.36 crore as against Rs 72.63 crore in Q2FY23 and Rs 46.29 crore in Q3FY22 EPS stands at Rs 13.22 (basic) and Rs 13.22 (diluted) 9MFY23: Revenue from operations for the 9MFY23 stood at Rs 2,560.57 crore as compared to Rs 1,375.96 crore in the 9MFY22 Profit Before Tax (PBT) stood at Rs 261.14 crore for the 9MFY23 as compared to Rs 148.41 crore in the 9MFY22. The company’s PBT margin stood at 10.2%. Profit After Tax (PAT) reported at Rs 229.06 crore for the 9MFY23 as against Rs 122.66 crore in the 9MFY22. PAT margin stood at 8.9%. Commenting on the results, Mr. Rajdipkumar Gupta, Managing Director & Group Chief Executive Officer, Route Mobile Limited, said, “I want to thank the Route Mobile team for relentlessly delivering a staggering performance quarter after quarter. We have yet again exceeded our expectations in the quarter gone by. It gives me great pride to highlight that we have surpassed our pre-IPO FY2020 audited revenue of INR 9,563mn and an adjusted PAT of INR 843mn in just this quarter by clocking our best quarterly revenue of INR 9,857mn and an adjusted PAT of INR 1,010mn. This is despite the recent Covid issues, the Russia-Ukraine war, supply-side issues, and the current recessionary headwinds.” He added, “Our focused approach, deep domain expertise, and, most importantly, our modular approach to creating multiple levers of growth across multiple geographies have been the bedrock of our success. We continue to progress significantly with quality deal wins across the CPaaS value chain.” Result PDF