Q4FY23 Quarterly & FY23 Annual Result Announced for Route Mobile Ltd.
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 PDF23-05-2023
