Route Mobile's Record Profits Defy Seasonal Slowdown

Route Mobile reported a 14% increase in net profit for the July-September quarter, totaling Rs 101.27 crore. Despite flat revenue growth on a quarterly basis, the company reached its highest ever quarterly revenue, attributing future optimism to upcoming festive seasons.

Route Mobile, a leading enterprise communication firm, announced a robust 14% year-on-year rise in net profit, reaching Rs 101.27 crore in the July-September quarter. This increase surpasses last year's Rs 88.8 crore figure.

For the same period, revenue from operations climbed by 9.73% to Rs 1,113.4 crore, compared to Rs 1,014.6 crore in the quarter ending September FY24. Despite a mere 0.9% rise in revenues quarter-on-quarter, profits surged by 28.9%.

Chairman Guillaume Boutin emphasized the company's positive trajectory, while MD and CEO Rajdipkumar Gupta expressed confidence in growth prospects amid the festive season. Shares of Route Mobile were down 1.55% in BSE intraday trading, priced at Rs 1,535.

(With inputs from agencies.)