Route Mobile gets thumbs up

about 5 months ago
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Route Mobile, for Q3FY22 posted a 28% (YoY) rise in consolidated net profit at Rs.48 crore on a 44% rise in revenue from operations at Rs.567 crore.

A 50% jump in revenue from the UK helped offset the fall in revenue from India.

The company also completed two acquisitions - Masivian in Latin America and Interteleco, a Kuwait-based Company.

It also declared an interim dividend of INR 3 per equity share.

The market has given a thumbs up to these earnings. The stock, which had closed yesterday at Rs.1610.05, opened much higher today at Rs.1654.90 and rose to an intraday high at Rs.1768. Its 20% UC for the day is at Rs.1932.05.

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