Route Mobile Limited (“Route Mobile”), a leading cloud communication platform service provider to enterprises, over-the-top (“OTT”) players and mobile network operators, has announced its financial results for the first quarter ended on 30th June, 2022.
Highlights for Q1FY23 Consolidated Financials
- Revenue from operations stood at Rs. 729.01 crore as against Rs. 377.52 crore in Q1FY22
- Profit Before Tax stands at Rs 75.74 crore as against Rs. 42.92 crore in Q1FY22
- Profit After Tax reported was at Rs. 71.07 crore as against Rs. 34.31 crore in Q1FY22
- EPS stands at Rs. 11.02 (basic) and Rs. 11.02* (diluted)
Q1 FY23 Vs Q4 FY22 (Consolidated)
Revenue from operations for quarter ended June 30th, 2022 stood at Rs. 729.01 crore as compared to Rs. 626.07 crore in Q4 FY22
Profit Before Tax (PBT) stood at Rs. 75.74 crore for Q1 FY23 as compared to Rs. 46.81 crore in Q4 FY22. The company’s PBT margin stood at 10.39%
Profit After Tax (PAT) reported at Rs. 71.07 crore for Q1 FY23 as against Rs. 47.42 crore in Q4 FY22. PAT margin stood at 9.75%
“I am happy to state that we had an excellent start to FY23 on a strong note and have carried our growth momentum into 2022 with an exemplary 93% y-o-y growth and 16% sequential growth,” said Rajdipkumar Gupta, MD & Group CEO, Route Mobile Limited. “We continue to showcase our organizational resilience, uptick in client acquisition with diverse use cases as digital acceleration continues to redefine the future of work,” he added.