Route Mobile Limited, a leading cloud communication platform service provider to enterprises, over-the-top players, and mobile network operators has announced its financial results for the second quarter ended on September 30, 2024
Highlights for Q2 FY25 (Y-o-Y) Consolidated Financials
- Revenue from operations stood at Rs. 1,113.41 crore as against Rs. 1,014.61 crore in Q2FY24
- Profit Before Exceptional item and Tax stands at Rs 131.06 crore as against Rs. 103.83 crore in Q2FY24
- Profit After Tax reported was at Rs 107.03 crore as against Rs 88.35 crore in Q2FY24. PAT in Q2FY25 was further boosted by exceptional item amounting to Rs 6.28 crores which is net of the fair value gain on contingent consideration pertaining to acquisition of a subsidiary in previous years and recognition of impairment loss of goodwill pertaining to a step-down subsidiary
- EPS stands at Rs. 16.12 and Rs. 16.12 for Q2FY25
Q2 FY25 Vs Q1 FY25 (Consolidated)
Revenue from operations for the quarter ended September 30th, 2024, stood at Rs. 1,113.41 crore as compared to Rs. 1,103.42 crore in Q1FY25.
Profit Before Exceptional item and Tax stood at Rs. 131.06 crore for Q2FY25 as compared to Rs. 102.88 crore in Q1FY25. The company’s PBT margin stood at 11.77%.
Profit After Tax reported at Rs. 107.03 crore for Q2FY25 as against Rs. 81.16 crore in Q1FY25. PAT in Q2FY25 was further boosted by exceptional item amounting to Rs 6.28 crores which is net of the fair value gain on contingent consideration pertaining to acquisition of a subsidiary in previous years and recognition of impairment loss of goodwill pertaining to a step-down subsidiary.
Talking about the results, Mr. Guillaume Boutin, Chairman, Route Mobile Limited, said, “This is an incredible show from the Route Mobile team. I am delighted about the strong growth and performance. As we continue to integrate and explore synergies with other group companies within Proximus, we are confident of unlocking a higher value for all our customers and stakeholders. The developments from the previous quarter indicate that we are on the right track”.
Commenting on the results, Mr. Rajdipkumar Gupta, Managing Director & Group Chief Executive Officer, Route Mobile Limited, said, “I am extremely delighted with our performance in Q2, 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. We continue to set new benchmarks in the industry. We have been awarded the ‘Solutions Partner of the Year’ award by Meta and we expanded our Metro ticketing coverage to Mumbai Metro”.
He further added, “We continue to work closely within the Proximus Group to realize the identified synergies across COGS, cross-sell and Opex savings. In addition, we are also working on a few large group synergies”.