Route Mobile shares jump 13% after strong third-quarter results

Similarly, net profit grew by 17.53 per cent, while net sales grew by 16.54 per cent in Q3 FY2023 as compared to Q2 FY2023.

During Tuesday’s trading, the stock opened at Rs. 1,178 per share as against the previous close of Rs. 1,142.10 per share and during the early trading session rose further to touch a high of Rs. 1,295.10. was doing business on 1,272.35 on BSE at 10:50 am, up 11.40 per cent.

The stock touched a 52-week high. 1888.90 on February 01, 2022 and a 52-week low of Rs. 1,052 on June 23, 2022, indicating that at current levels, the stock is trading 21 per cent above its 52-week low and 32 per cent below its 52-week high.

The stock has shown negative growth of 4.50 per cent in last six months. Similarly, it has declined by 21.66 percent in the last one year. However, the stock has given positive returns of around 36 per cent in the last five years.

On Monday, the company said that its consolidated profit before tax 103.13 crore in Q3 FY23, registering a growth of 87.20 per cent 55.09 crore in the same quarter of the previous year.

EBITDA improved 128.3 crore in Q3 FY23, registering a growth of 66.19 per cent YoY and 17.28 per cent quarter on quarter. The company said EBITDA margin declined to 13 per cent in Q3 FY23, as against 13.7 per cent in Q3 FY22.

“We have exceeded our pre-IPO FY20 audited revenue 9,563 million and Adjusted PAT of Rs. Recorded our best ever quarterly revenue of 843 million this quarter 9,857 million and Adjusted PAT of Rs. 1,010 million. This is despite the headwinds of the recent Covid issues, Russia-Ukraine war, supply-side issues and the current slowdown,” said Rajdeepkumar Gupta, MD & Group CEO of the company.

“Our focused approach, deep domain expertise, and, most importantly, our modular approach to creating multiple levers of growth across multiple geographies has been the cornerstone of our success. We continue to make significant progress winning quality deals across the CPaaS value chain,” he said.

In other news, the board of directors will consider the second interim dividend, if any, for the financial year 2022-23 in its meeting to be held on Thursday, January 26, 2023.

Route Mobile Limited is an India-based company, providing communications platform as a service (CPAS) solutions to enterprises, over-the-top (OTT) players and mobile network operators (MNOs). The company’s portfolio of enterprise communications services includes smart solutions in application-to-person (A2P) messaging, voice, email and SMS filtering, analytics and monetization.

according to a mintgenie pollAn average of six analysts have ‘strong buy’ rating on the stock.

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