Route Mobile Limited has announced its financial results for the second quarter ended September 30, 2020.
Revenues from operations for the second quarter ended September 30, 2020 (Q2FY21) stood at Rs 3,493 million as compared to Rs 3,096 million in Q1FY21. Likewise, the total income stood at Rs354.5 crore in Q2FY21 as against Rs 3,123 million in Q1FY21
Profit before tax (PBT) stood at Rs 394 million for Q2FY21 as compared to Rs 333 billion in Q1FY21.The Company’s PBT margin stood at 11.1 per cent in Q2 FY21
Profit after tax (PAT) reported stood Rs 327 million for Q2FY21 as against Rs 269 million in Q1FY21.The Company’s PAT margin stood at 9.2 per cent in Q2 FY21
Earnings per share (EPS) for the quarter ended September 30, 2020 stood at Rs 6.46
Commenting on the results, Rajdip Gupta, Managing Director and Group Chief Executive Officer (CEO), Route Mobile Limited, said, “Q2 FY21 has been another quarter of strong performance, backed by better operating leverage, despite the trying circumstances. The pandemic has accelerated CPaaS adoption amongst enterprises, and Route Mobile continues to enable our customers in their digital communication journey. As per Gartner estimates, by 2023, 90 per cent of Global enterprises will leverage API enabled CPaaS offerings to enhance their digital competitiveness, up from 20 per cent in 2020. We are optimally positioned to be at the forefront and drive this transformation.”