Route Mobile soars on reporting over 2-fold jump in Q4 consolidated net profit

Route Mobile is currently trading at Rs. 1407.00, up by 22.90 points or 1.65% from its previous closing of Rs. 1384.10 on the BSE.

The scrip opened at Rs. 1394.00 and has touched a high and low of Rs. 1442.00 and Rs. 1354.20 respectively. So far 94357 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1593.90 on 26-Aug-2022 and a 52 week low of Rs. 1052.60 on 23-Jun-2022.

Last one week high and low of the scrip stood at Rs. 1442.00 and Rs. 1299.15 respectively. The current market cap of the company is Rs. 8802.00 crore.

The promoters holding in the company stood at 58.32%, while Institutions and Non-Institutions held 28.45% and 13.24% respectively.

Route Mobile has reported results for fourth quarter (Q4) and year ended March 31, 2023.

The company has reported many fold-jump in net profit at Rs 16.69 crore for the quarter under review as compared to Rs 0.15 crore for the same quarter in the previous year. Total income of the company increased by 32.40% at Rs 145.32 crore for Q4FY23 as compared to Rs 109.76 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported over 2-fold jump in its net profit at Rs 104.05 crore for fourth quarter ended March 31, 2023 as compared to Rs 47.42 crore for the same quarter in the previous year. Total income of the company increased by 61.28% at Rs 1,023.26 crore for Q4FY23 as compared to Rs 634.48 crore for the corresponding quarter previous year.

For the year ended March 31, 2023, the company has reported over 3-fold jump in its net profit at Rs 89.83 crore as compared to Rs 27.76 crore for the previous year. Total income of the company increased by 68.71% at Rs 631.02 crore for year under review as compared to Rs 374.02 crore for year ended March 31, 2022.

For the year ended March 31, 2023, on the consolidated basis, the company has reported 95.85% rise in its net profit at Rs 333.11 crore as compared to Rs 170.08 crore for the previous year. Total income of the company increased by 78.46% at Rs 3,608.63 crore for year under review as compared to Rs 2,022.09 crore for year ended March 31, 2022.

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