NEW DELHI – Shares of Route Mobile skyrocketed 12.9 per cent in early trade on Friday as the enterprise communication services firm posted a 28.33 per cent rise in consolidated profit at Rs 48.27 crore for the third quarter ended December 31, 2021.
The company had posted a profit after tax of Rs 37.62 crore in the same period a year ago.
The company’s scrip surged to a high of Rs 1,689 as against the previous close of Rs 1,495.55 on the National Stock Exchange.
Revenue from operations increased to Rs 567.49 crore during the quarter from Rs 393.52 crore in the year-ago period, PTI reported.
The company’s board approved reappointment of Rajdipkumar Gupta for a period of five years with effect from May 1, 2022, PTI’s report said, adding that his current term expires on April 30, 2022.
Route Mobile also announced an interim dividend of Rs 3 per share. The company’s board also approved the cancellation of an aggregate of 4,000 stock options provided earlier under the Route Mobile Ltd – Employee Stock Option Plan 2021, PTI reported.
Route Mobile is a cloud communications platform service provider, catering to enterprises, over-the-top (OTT) players, and mobile network operators (MNO). RML’s portfolio comprises solutions in messaging, voice, email, SMS filtering, analytics, and monetization.
Earlier this month, the company said that it would enable Bank of Maharashtra’s customer communications with WhatsApp Banking Service using it CPaaS (Communication Platform as a Service) solutions.
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