Route Mobile Limited has announced its financial results for quarter ended (QE) September 30, 2022. The company generated Rs 8.46 billion revenue from operations for the period as against Rs 4.36 billion in QE September 2021.
Meanwhile, the profit before tax (PBT) for the company stood at Rs 823 million for QE September 2022 as against Rs 504 million in QE September 2021. Also, the profit after tax (PAT) for the company for the period was reported at Rs 726 million as against Rs 421 million in the same period a year ago.
Commenting on the results, Rajdipkumar Gupta, managing director and group chief executive officer, Route Mobile Limited, said, “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. The underlying strength in the business continues to be robust, and we are optimistic of inching close to a 60 per cent year-on-year (Y-o-Y) revenue growth in FY’2023. This is fueled by our resilient platform, deep domain expertise, and a highly capable Route Mobile Team spread across 20 global locations. The steady growth is a result of winning quality deals worldwide, and the revenues underline our increased value proposition and improved market competitiveness.”