Route Mobile Ltd. key Products/Revenue Segments include Sale of services for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 743.80 Crore, up 17.23% from last quarter Total Income of Rs 634.48 Crore and up 94.72% from last year same quarter Total Income of Rs 381.99 Crore. The company reported net profit after tax of Rs 71.07 Crore in the latest quarter.
Investment Rationale
The brokerage upgrades Route to ADD (earlier: Hold) given: 1) accelerated growth in FY23E, 2) earlier expected pricing pressure due to telcos in CPaaS market no longer likely, 3) potential market share gains, and 4) improving margin profile.
Promoter/FII Holdings
Promoters held 59.82 per cent stake in the company as of 30-Jun-2022, while FIIs owned 19.94 per cent, DIIs 7.03 per cent.
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