Route Mobile Q1 results show revenue up from 1023.26 crores to 982.26 crores, a -4.01% decrease in growth. EPS down from ₹16.29 to ₹14.80, down by -9.15%.
First, Let’s Begin with Quarter-on-Quarter Basis:
Route Mobile shared its Q1 results on Friday. They earned 982.26 crores in revenue this quarter, but that’s less than the 1023.26 crores they made last quarter. Unfortunately, the company’s growth decreased by -4.01 percent when comparing the two quarters.
In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 92.44 crores, down from 101.61 crores in the previous quarter. Their quarter-to-quarter growth decreased by -9.02 percent.
The company’s EPS (Earnings Per Share) this quarter is ₹14.80, which is a decrease of -9.15% from the ₹16.29 EPS in the previous quarter.
Now, Let’s Analyze the Results on a Year-over-Year Basis:
The company made a total revenue of 982.26 crores this year (2023), which is 32.06 percent higher than last year’s total revenue of 743.80 crores.
This year’s PAT (Profit After Tax) is 92.44 crores, which is also 33.18% higher than last year’s PAT of 69.41 crores.
The EPS (Earnings Per Share) for this year is ₹14.80, which is 34.30% more than the EPS of ₹11.02 earned last year.
Also Read: Mahindra Finance Q1FY24 Results: Consolidated PAT Rises of Rs. 358.69 Cr
Route Mobile Share Dividend Announcement / Record Date:
The record date for the dividend has not arrived yet.
About Route Mobile:
Route Mobile is an Indian company that operates as a cloud communications platform service. Founded in 2004 and based in Mumbai, it maintains a strong presence in over 15 locations spanning across Asia-Pacific, the Middle East, Africa, Europe, and North America.
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