ROUTE
Route Mobile share price & financials
- Price
- ₹545.5
- Market cap
- ₹3.4k Cr
- Sector
- Telecommunication
- Calls analysed
- 9
Route Mobile Limited Q1 FY27
What went well
- Revenue from operations grew 9.6% YoY and 1.8% QoQ to ₹1,151.5 crores, demonstrating business resilience.
- New product portfolio (RCS, WhatsApp, IP-based messaging) revenue grew significantly faster at 14% YoY and 11% QoQ.
- Adjusted Profit After Tax increased 16.6% YoY to ₹68.6 crores.
What to watch
- Gross profit margin declined to 20.9% from 23.3% in the previous quarter, impacted by temporary disruption in traffic from specific high-margin customer accounts and a security incident.
- Adjusted EBITDA decreased 5.6% YoY and 18.9% QoQ to ₹108.9 crores, with margin compressing to 9.5%.
What Route Mobile Limited does
Route Mobile operates a Communications Platform as a Service (CPaaS) that lets enterprises, OTT players and mobile network operators (MNOs) reach end customers over SMS, RCS, WhatsApp, Viber, Google/Facebook Messenger, Telegram, voice and email channels through a single API stack. It earns by routing and terminating application-to-person (A2P) messaging and voice traffic between its enterprise/OTT clients and mobile operators worldwide, and by selling MNO-facing solutions such as SMS firewalls, network APIs and digital identity/verification services. The company also offers contact-centre-as-a-service, email (SendClean) and payment-messaging (OmniCent) products, and is now part of the Proximus Global group alongside BICS and Telesign following its integration into that alliance.
Segments
- Enterprise CPaaS / new products
- MNO Solutions
- Active billable clients
- 3,100+
- Global locations with local presence
- 20+
- Total MNO connections via Super Network
- 900+
- Direct mobile network operator (MNO) connects
- 280+
- Data centers (virtualized)
- 20+
- SMSCs operated globally
- 6
Guidance record · Q1 FY27
what the last two calls moved 17 tracked 3 delivered 6 missed 8 open- FY25 Revenue Growth missed said Q1 FY25 Promised: 18% to 22% Q1 FY27: Past target for FY25, not discussed.
- Revenue Aspiration at risk said Q1 FY25 Promised: $1 billion in next two to three years Q1 FY27: Q1 FY27 revenue grew 9.6% YoY, while FY27 guidance is for mid-to-high single digits. This trajectory is insufficient to meet the aspirational $1B target by Q1 FY28.
- Future Vodafone Deal Structure on track said Q3 FY26 Promised: Future deals with Vodafone will be structured as two separate deals (firewall, SMS) and will not dilute gross profit margin. Q1 FY27: No new deal with Vodafone/VI was announced. The promise remains active but untestable this quarter.
All 17 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 8.2%, net profit down 46.7% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 209 | 206 | 208 | 183 | 180 −14% | 186 −10% | 221 +6% | 198 +8% |
| EBITDA | 26 | 24 | 43 | 16 | 16 −38% | 23 −4% | 29 −33% | 6 −62% |
| Net profit | 48 | 29 | 26 | 30 | 33 −31% | 30 +3% | 41 +58% | 16 −47% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −42.8% 1Y
1Y: ₹862.1 on 10 Sept 2025 → ₹493.55. High ₹875.4 (18 Sept 2025), low ₹415.6 (30 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- −5.3%
- 24 Jul
- Q4 FY26
- −0.6%
- 15 May
- Q3 FY26
- −1.5%
- 10 Feb
- Q2 FY26
- −1.7%
- 4 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue fell 34.1% a year over 3 years, FY23 to FY26. Operating margin narrowed to 10.9%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹2.7k Cr | ₹666 Cr | ₹831 Cr | ₹770 Cr |
| Operating profit | ₹323 Cr | ₹74 Cr | ₹119 Cr | ₹84 Cr |
| Operating margin | 12.0% | 11.1% | 14.3% | 10.9% |
| Interest | ₹15 Cr | ₹2 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹65 Cr | ₹17 Cr | ₹15 Cr | ₹15 Cr |
| Net profit | ₹246 Cr | ₹127 Cr | ₹131 Cr | ₹134 Cr |
| Net margin | 9.1% | 19.1% | 15.8% | 17.4% |
| Cash from operations | ₹-6 Cr | ₹18 Cr | ₹258 Cr | ₹-171 Cr |
| Free cash flow | ₹-13 Cr | ₹-2 Cr | ₹254 Cr | ₹-176 Cr |
| ROCE | 10.0% | 14.0% | 16.0% | 14.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹58 Cr | ₹63 Cr | ₹62 Cr | ₹63 Cr | ₹63 Cr | ₹63 Cr |
| Reserves | ₹287 Cr | ₹1.2k Cr | ₹1.1k Cr | ₹1.1k Cr | ₹2.5k Cr | ₹1.3k Cr |
| Borrowings | ₹12 Cr | ₹15 Cr | ₹13 Cr | ₹11 Cr | ₹21 Cr | ₹11 Cr |
| Other liabilities | ₹233 Cr | ₹88 Cr | ₹131 Cr | ₹172 Cr | ₹819 Cr | ₹159 Cr |
| Total liabilities | ₹589 Cr | ₹1.3k Cr | ₹1.3k Cr | ₹1.4k Cr | ₹3.4k Cr | ₹1.5k Cr |
| Fixed assets | ₹37 Cr | ₹60 Cr | ₹54 Cr | ₹58 Cr | ₹862 Cr | ₹48 Cr |
| Capital work in progress | ₹1 Cr | ₹0 Cr | ₹1 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr |
| Investments | ₹49 Cr | ₹55 Cr | ₹53 Cr | ₹52 Cr | ₹17 Cr | ₹56 Cr |
| Other assets | ₹502 Cr | ₹1.2k Cr | ₹1.2k Cr | ₹1.3k Cr | ₹2.5k Cr | ₹1.4k Cr |
| Total assets | ₹589 Cr | ₹1.3k Cr | ₹1.3k Cr | ₹1.4k Cr | ₹3.4k Cr | ₹1.5k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Mutual funds in ROUTE
Filings to Aug 2026
0 new, 0 added, 1 trimmed, 0 sold out — net −4.38 L shares (−46.7%).
- Held by funds
- ₹25 Cr
- 1 schemes
- Biggest holder
- SBI Innovative Opportunities Fund
- ₹25 Cr · 0.5% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| SBI Innovative Opportunities Fund SBI Mutual Fund | ₹25 Cr | −4.38 L | Sep '24 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
0 added, 1 trimmed — net −4.38 L shares (−46.7%)
- Funds are sitting on
- -65%
- vs est. average cost
- Held by funds
- ₹25 Cr
- 1 schemes · ≈ 0.80% of the company
Shares held by these funds +4382%
Aug '23 9.38 L shares Jul '26
All earnings calls (8)
Read the Q1 FY27 call →Learn to analyse Route Mobile Limited
Guides on how to read this kind of business and the numbers that matter.