Route Mobile Limited

Enterprise messaging firm Route Mobile on Friday posted a 74.5 per cent rise in consolidated profit after tax at Rs 73.6 crore for the second quarter ended September 30, 2022. The company had posted a profit after tax (PAT) of Rs 42.17 crore in the same period a year ago. The revenue from operations jumped by 94 per cent to Rs 845.84 crore from Rs 435.67 crore in the September 2021 quarter. "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," Route Mobile Managing Director and Group Chief Executive Officer, Rajdipkumar Gupta said in a statement.

Route Mobile board has approved the buyback of equity shares having face value of Rs 10 at a price not exceeding Rs 1,700 per equity share and for an aggregate amount not exceeding Rs 120 crore

The company said the board is scheduled to meet on Tuesday, June 28, 2022, to consider a proposal for buyback of fully paid up equity shares of the company

The company's EBITDA margins contracted from 14.2 per cent in Q4FY21 and 13.7 per cent in Q3FY22 to 11.1 per cent in Q4FY22.

For the full year,net profit rose 24.32% to Rs 27.76 crore in the year ended March 2022

This will allow telecom operators to efficiently manage as well as regulate A2P (application to person) communication (SMS/voice calls), using state-of-the-art blockchain-based solutions

Mehul Kothari of Anand Rathi is bullish on Rain Industries and Route Mobile.

Route Mobile Ltd, a Communication Platform as a Service (CPaaS) provider, said it has raised Rs 867.49 crore via Qualified Institutional Placement

Enterprise communication service provider Route Mobile has received shareholders approval to raise Rs 2,000 crore through sale of securities, according to the company's regulatory filing.

Given the subscription levels of some of the recent IPOs, analysts have started to be cautious and suggest investors do not subscribe to every IPO that hits the Street

Route Mobile on Wednesday posted a 27.44 per cent jump in consolidated profit after tax to Rs 34.3 crore for the first quarter ended June 30, 2021, according to the company's regulatory filing.

Here's what technical charts suggest regarding the buzzing stocks of the day.

Route Mobile signed definitive agreements to acquire the artificial intelligence-driven email communication platform, Sendclean, from Sarv Webs Private Limited ("Sarv")

He will be based in the UK (London) office

Though the growth trajectory remains strong, valuation at 51 times its FY22 earnings estimates is already factoring in most of the growth, say analysts at Edelweiss

Route Mobile hit a new high of Rs 1,979 on the BSE in intra-day trade today

In the past one week, Route Mobile and Affle India have rallied up to 35 per cent, as compared to 1.5 per cent rise in the S&P BSE Sensex

In the December quarter, FPIs increased stake in the company by 540 basis points to 15.74% from 10.34% at the end of September quarter

With the past week's rally, the stock is currently trading 213 per cent higher as against its issue price of Rs 350 per share

The stock bounced back 12 per cent today from its early morning low on the BSE after the company's consolidated net profit more-than-doubled to Rs 32.7 crore in Q2