Route Mobile Ltd. announces Q2FY21Results

 

 

Q2FY21 Total Revenue stands at Rs. 354.5crore, PAT standsat Rs. 32.7crore

Mumbai:October 28^th, 2020:Route Mobile Limited (“Route Mobile”), a leading cloud communication platform service provider to enterprises, over-the-top (“OTT”) players and mobile network operators, has announced its financial results for the second quarter ended on 30^th September, 2020.

Highlights for Q2FY21 ConsolidatedFinancials

·         Total revenuestands atRs. 354.5crore as against Rs. 201.4crore in Q2FY20

·         Revenue from Operations stood at Rs. 349.3crore as against Rs. 196.6crore in Q2FY20

·         Profit Before Tax stands at Rs.39.4crore as against Rs. 15.7crore in Q2FY20

·         Profit After Tax stands at Rs. 32.7 crore against Rs. 13.0 crore in Q2 FY20

·         Earnings per share (EPS) for the quarter ended September 30, 2020 stood at Rs.6.46

Q2FY21 (Consolidated)

Revenues from operations for the second quarter ended September 30, 2020(Q2FY21) stood at Rs. 349.3 crore as compared to Rs. 309.6crore in Q1FY21. Likewise, the Total Income stood at Rs.354.5 crore in Q2FY21 as against Rs. 312.3crore inQ1FY21

Profit Before Tax (PBT) stood at Rs. 39.4crore for Q2FY21 as compared to Rs33.3crore in Q1FY21.The Company’s PBT margin stood at 11.1% in Q2 FY21

Profit After Tax(PAT) reported stood Rs. 32.7crore for Q2FY21 as against Rs. 26.9crore in Q1FY21.The Company’s PAT margin stood at 9.2% in Q2 FY21

Earnings per share (EPS) for the quarter ended September 30, 2020stood at Rs.6.46

Covid Impact

Commenting on the results, Mr. Rajdip Gupta, Managing Director& Group Chief Executive Officer, Route Mobile Limited, said, “Q2 FY21 has been another quarter of strong performance, backed by better operating leverage, despite the trying circumstances.The pandemic has accelerated CPaaS adoption amongst enterprises, and Route Mobile continues to enable our customers in their digital communication journey. As per Gartner estimates, by 2023, 90% of Global enterprises will leverage API enabled CPaaS offerings to enhance their digital competitiveness, up from 20% in 2020.  We are optimally positioned to be at the forefront and drive this transformation.”