Route Mobile hits 18-month low; stock sheds 25% in the two weeks

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.

Shares of Route Mobile hit a 18-month low of Rs 1,052.60, down 4 per cent on the BSE in Thursday’s trade on concerns of weak operational performance. In comparison, the S&P BSE Sensex was up 0.5 per cent at 52,104 at 02:10 PM.

In the past two weeks, the stock of other telecom services provider has dipped 25 per cent. Since, May 17, the stock has slipped 30 per cent after the company reported a weak operational performance for the quarter ended March 2022 (Q4FY22).

The stock traded at its lowest level since December 2021. The stock price