Route Mobile Q1 net profit doubles on year

Route Mobile net profit doubled on-year, and grew 49.8% sequentially to Rs 71.07 crore for the quarter ended June 30. The company’s profit after tax (PAT) a year ago was Rs 34.31 crore, and that for Q4 FY22 was Rs 47.42 crore.

Revenue from operations for quarter ended June 30 stood at Rs 729.01 crore, up 93.1% on-year as compared to Rs 377.52 crore in the same quarter last year.

“I am happy to state that we had an excellent start to FY23 and have carried our growth momentum into 2022 with an exemplary 93% y-o-y growth and 16% sequential growth,” said Rajdipkumar Gupta, managing director, Route Mobile.