Route Mobile Limited

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Route Mobile Q2FY25 results: Net profit jumps 14% to Rs 101.27 cr

Enterprise communication firm Route Mobile has reported a 14 per cent year-on-year increase in consolidated net profit at Rs 101.27 crore in the July-September quarter od this fiscal year. The company's profit (attributable to owners of the holding company) stood at Rs 88.8 crore in the year-ago period. Revenue from operations for the quarter under review stood at Rs 1,113.4 crore, up 9.73 per cent from Rs 1,014.6 crore in the quarter-ended September FY24. Company chairman Guillaume Boutin said developments from the previous quarter indicated that the firm is on the right track, and asserted confidence in unlocking a higher value for its customers and stakeholders. Seen quarter-on-quarter, profits rose by 28.9 per cent, but revenues saw a flat growth of 0.9 per cent. "... We have posted our highest ever quarterly revenue, despite Q2 being a seasonally weak quarter. We remain very optimistic about our growth prospects in Q3 owing to the festive season ahead of us," Rajdipkumar Gupt

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Route Mobile soars 15%, hits 29-month high as Microsoft, Proximus sign pact

Microsoft and Proximus Group have sign a new strategic partnership for collaboration on digital communications and cloud

Route Mobile jumps 17.5% on expanding WhatsApp-based ticketing service

Route Mobile Limited said it has partnered with Billeasy E Solutions Private Limited, and enabled WhatsApp-based ticket booking for Pune, Hyderabad, and Nagpur metros in addition to Delhi

Route Mobile Q4 results: Profit falls 9% to Rs 95 cr, revenue remains flat

Enterprise communication firm Route Mobile on Monday posted 8.5 per cent decline in consolidated net profit at Rs 95.16 crore for the fourth quarter ended March 31, 2024. The company had clocked a net profit of Rs 104.05 crore in the same period a year ago, according to a BSE filing. Revenue from operations remained almost flat at Rs 1,017.03 crore as compared to Rs 1,008.66 crore in March 2023 quarter. In FY24, net profit increased about 17 per cent to Rs 388.84 crore from Rs 333.11 crore a year ago. Annual revenue increased to Rs 4,023.29 crore in FY24 from Rs 3,569.23 crore a year ago. The company's board has approved availing financial assistance by way of SBLC (standby letter of credit) not exceeding Rs 100 crore from ICICI Bank against the security of fixed deposit of amount not exceeding Rs 105 crore. SBLC shall be issued to enable ICICI Bank IBU Gift City for extending bank guarantee facility to Route Mobile (UK) Ltd, the company said.

Route Mobile public shareholders tender shares worth Rs 2,500 crore

Enterprise messaging firm Route Mobile's public shareholders have tendered shares worth about Rs 2,500 crore at current price for the company's ongoing open offer, according to a regulatory filing. The open offer has been triggered with Belgium-based Proximus Group, through its subsidiary, initially acquiring a 57.56 per cent stake in enterprise messaging firm Route Mobile for Rs 5,922.4 crore in an all-cash deal. The acquisition has triggered an open market offer for the sale of 26 per cent of Route Mobile in compliance with regulatory guidelines. Depending on the outcome of the MTO (mandatory takeover offer), the stake held by Proximus Opal could further increase to around 75 per cent of Route Mobile's shares. "1,57,68,803 equity shares have been tendered in the Escrow Demat Account (with The Hongkong and Shanghai Banking Corporation Limited (HSBC)," Route Mobile said. The tendered period has closed now. Shares of Route Mobile closed at Rs 1,600.65 apiece, down 0.54 per cent, a

Route Mobile Q3 results: Profit rises 28% to Rs 106 cr, revenue up 3.91%

Cloud Communications service provider Route Mobile on Tuesday reported over 28 per cent year-on-year jump in consolidated net profit for the December quarter at Rs 105.7 crore, according to a company filing. The company's profit (attributable to owners of the holding company) stood at Rs 82.44 crore in the corresponding period in the last fiscal. According to a stock exchange filing, the company's revenue from operations climbed to Rs 1,024.3 crore, with a 3.91 per cent year-on-year growth. The profit -- attributable to owners of the holding company -- stood at Rs 105.7 crore in the third quarter of the ongoing fiscal, from Rs 82.4 crore in the year-ago period. This translated into a year-on-year growth of 28.2 per cent. The Profit After Tax came in at Rs 113.6 crore, up 33 per cent over the year-ago period. In a release, the company said, "PAT reported at Rs 113.6 crore for Q3FY24 as against Rs 88.4 crore in Q2 FY24. PAT margin stood at 11.1 per cent." Route Mobile Ltd MD and gr

Route Mobile net profit increases 29% to Rs 92 crore in June quarter

Enterprise communications firm Route Mobile on Friday posted a 29 per cent increase in consolidated net profit to Rs 91.69 crore in the June quarter. Route Mobile had registered a profit of Rs 71 crore in the same period a year ago. The consolidated revenue from operations grew about 32 per cent to Rs 961.34 crore during the first quarter of the current fiscal from Rs 729 crore a year ago, according to an exchange filing. "We are well on track to achieve our revenue growth guidance for 2023-24. We have seen robust growth in CPaaS (Communications platform as a service) and Firewall business with the signing of large contracts," Route Mobile Managing Director and Group Chief Executive Officer Rajdipkumar Gupta said. Route Mobile has set a target to become a billion-dollar revenue company over the next 3-4 years, Gupta said, adding that the company will also continue to gain significant market share in the country.

Proximus Group acquires 58% in Route Mobile in Rs 5,922.4 crore deal

Belgium-based Promixus Group, through its subsidiary, will initially acquire a 57.56 per cent stake in enterprise messaging firm Route Mobile for Rs 5,922.4 crore in an all-cash deal, according to a regulatory filing. The acquisition has triggered an open market offer for the sale of 26 per cent of Route Mobile in compliance with regulatory guidelines. Proximus' stake in Route Mobile may go up to 75 per cent. "Proximus Group will acquire 57.56 per cent of the shares in Route Mobile through Proximus Opal, for an initial Rs 59,224 million cash consideration for a price per share of Rs 1,626.40," Route Mobile said in the filing. As a part of the agreement, some of the founding shareholders of Route Mobile will reinvest in a minority stake in Proximus Opal, a subsidiary of the Proximus Group and the US-based holding company of Telesign -- an affiliate of Proximus. "Depending on the outcome of the MTO (mandatory takeover offer), the stake held by Proximus Opal could further increase t

Route Mobile promoters to sell entire 57.56% stake to Proximus Group

After the transaction, Proximus Opal will make an open offer to acquire another 1.64 crore shares or 26 per cent stake in Route Mobile

Route Mobile net profit more than doubles to Rs 104 crore in Q4 FY23

Enterprise communication services firm Route Mobile on Friday reported an over two-fold jump in its consolidated net profit to Rs 104.05 crore in the fourth quarter ended March 2023. The company posted a profit of Rs 47.42 crore in the same period a year ago. The consolidated revenue from operations of Route Mobile grew 61 per cent to Rs 1,008.66 crore during the reported quarter from Rs 626.07 crore in March 2022 quarter. "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 Managing Director & Group Chief Executive Officer Rajdipkumar Gupta said in a statement. For the

Route Mobile Q2 net profit rises 74.5% to Rs 73.6 cr, revenue jumps 94%

Enterprise messaging firm Route Mobile on Friday posted a 74.5 per cent rise in consolidated profit after tax at Rs 73.6 crore for the second quarter ended September 30, 2022. The company had posted a profit after tax (PAT) of Rs 42.17 crore in the same period a year ago. The revenue from operations jumped by 94 per cent to Rs 845.84 crore from Rs 435.67 crore in the September 2021 quarter. "I'm happy to announce that we have achieved yet another best quarterly revenue and operating profit to date. With this we mark six consecutive quarters of sequential revenue and adjusted PAT growth, demonstrating the stability of our business model. "This is despite the geopolitical tensions, massive volatility across various currencies, and various other uncertainties that we are all grappling with," Route Mobile Managing Director and Group Chief Executive Officer, Rajdipkumar Gupta said in a statement.

Route Mobile slips 7% after board approves share buyback via Open Market

Route Mobile board has approved the buyback of equity shares having face value of Rs 10 at a price not exceeding Rs 1,700 per equity share and for an aggregate amount not exceeding Rs 120 crore

Route Mobile rebounds 23% from 18-month low as board mulls buyback plan

The company said the board is scheduled to meet on Tuesday, June 28, 2022, to consider a proposal for buyback of fully paid up equity shares of the company

Route Mobile hits 18-month low; stock sheds 25% in the two weeks

The company's EBITDA margins contracted from 14.2 per cent in Q4FY21 and 13.7 per cent in Q3FY22 to 11.1 per cent in Q4FY22.

Route Mobile standalone net profit declines 97.8% in the March 2022 quarter

For the full year,net profit rose 24.32% to Rs 27.76 crore in the year ended March 2022

Route Mobile to buy Teledgers' blockchain, DLT platform for about Rs 130 cr

This will allow telecom operators to efficiently manage as well as regulate A2P (application to person) communication (SMS/voice calls), using state-of-the-art blockchain-based solutions

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Route Mobile Ltd raises Rs 867 crore via qualified institutional placement

Route Mobile Ltd, a Communication Platform as a Service (CPaaS) provider, said it has raised Rs 867.49 crore via Qualified Institutional Placement