Route Mobile Limited has announced its financial results for the quarter ended (QE) December 31, 2022. During the quarter, revenue from operations stood at Rs 9.85 billion as against Rs 8.45 billion in QE September 2022 and Rs 5.62 billion in QE December 2021.

Meanwhile, profit before tax (PBT) for the company stood at Rs 1.03 billion as against Rs 822.7 million in QE September 2022 and Rs 550.9 million in QE December 2021. Besides, the company registered substantial increase in the profit after tax (PAT) to the tune of Rs 853.6 million as against Rs 726.3 million in the previous quarter and Rs 462.9 million during December quarter a year ago. Further, the earnings per share (EPS) for the company stood at Rs 13.22 (basic) and Rs 13.22 (diluted).

For nine months period ended December 2022, the revenue from operations for Route Mobile stood at Rs 25.60 billion as compared to Rs 13.75 billion for the nine months ended December 2021. Meanwhile, PBT for the company was recorded at Rs 2.61 billion for the nine months ended December 31, 2022 as compared to Rs 1.48 billion in the nine months period ended December 31, 2021. Also, the company’s PBT margin stood at 10.2 per cent. Besides, PAT stood at Rs 2.29 billion for the nine months ended December 31, 2022 as against Rs 1.22 billion in the nine months ended December 31, 2021. For nine months period, the PAT margin of the company was reported at 8.9 per cent.

Commenting on the results, Rajdipkumar Gupta, managing irector and roup chief executive officer, Route Mobile Limited, said, “I want to thank the Route Mobile team for relentlessly delivering a staggering performance quarter after quarter. We have yet again exceeded our expectations in the quarter gone by. It gives me great pride to highlight that we have surpassed our pre-IPO FY’2020 audited revenue of Rs 9.563 billion and an adjusted PAT of Rs 843 million in just this quarter by clocking our best quarterly revenue of Rs 9.857 billion and an adjusted PAT of Rs 1.010 billion. This is despite the recent Covid issues, the Russia-Ukraine war, supply-side issues, and the current recessionary headwinds. Our focused approach, deep domain expertise, and, most importantly, our modular approach to creating multiple levers of growth across multiple geographies have been the bedrock of our success. We continue to progress significantly with quality deal wins across the communications platform-as-a-service (CPaaS) value chain.”