Mumbai, May 22nd, 2023: 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 rresults for the fourth quarter and full year ended on 31st March, 2023.
Highlights for Q4FY23 (YoY) Consolidated Financials
· 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)
FY23 Vs FY22 (Consolidated)
Revenue from operations for the full year ended March 31st, 2023 stood at Rs. 3,569.23 crore as against Rs 2,002.03 crore in FY21-22
Profit Before Tax (PBT) stood at Rs. 381.50 crore for FY22-23 as against Rs. 195.22 crore in FY21-22. The company’s PBT margin stood at 10.69% (on revenue)
Profit After Tax (PAT) reported stood at Rs. 333.11 crore for FY22-23 as against Rs. 170.08 crore in FY21- 22. PAT margin stood at 9.33% (on revenue)
Commenting on the results, Mr. Rajdipkumar Gupta, Managing Director & Group Chief Executive Officer, Route Mobile Limited, 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.”