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Route MobileLimited (“Route Mobile”), aleadingcloudcommunication platform service provider to enterprises, over-the-top (“OTT”) players and mobile network operators, has announced its financial results for the fourth quarter and full year ended on 31 March, 2024.

FY24 Vs FY23 (Consolidated)

Revenue from operations for the full year ended March 31, 2024 stood at Rs. 4,023.29 crore as against Rs. 3,569.23 crore in FY23.

Profit Before Tax (PBT) stood at Rs. 455.08 crore for FY24 as against Rs. 381.50 crore in FY23. The Company’s PBT margin stood at 11.31% (on revenue).

Profit After Tax (PAT) reported at Rs. 388.84 crore for FY24 as against Rs. 333.11 crore in FY23. PAT margin stood at 9.66% (on revenue).

Commenting on the Company’s FY24 performance, Rajdip Gupta, MD&Group Chief Executive Officer, Route Mobile Limited, said, “FY24 has been a remarkable year for Route Mobile. We registered our highest quarterly revenues in Q2 & Q3 and registered good growth in H1.We continue to acquire some large customers and deliver unique solutions across industries.I am very proud of the team and congratulate them on a great performance. We were awarded ‘Enterprise MarTech Vendor of the year’ by e4m & ‘Best Mobile Authentication Solution’ by Juniper Research in Q4”.

He further added, “The CPaaS industry iswitnessing some headwinds since November 2023in terms of enterprise cost optimization initiatives, particularly from global OTTsand shifts in communication channels. We remain vigilant of these changes and our strategic roadmap is well aligned to leverage the emerging opportunities. We have secured strategic deals and laid the groundwork for a stronger FY25”.