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Route Mobile trades jubilantly on reporting 28% rise in Q3 consolidated net profit

28 Jan 2022 Evaluate

Route Mobile is currently trading at Rs. 1637.85, up by 142.80 points or 9.55% from its previous closing of Rs. 1495.05 on the BSE.

The scrip opened at Rs. 1574.00 and has touched a high and low of Rs. 1695.00 and Rs. 1565.65 respectively. So far 71714 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2388.10 on 12-Oct-2021 and a 52 week low of Rs. 1090.05 on 01-Feb-2021.

Last one week high and low of the scrip stood at Rs. 1785.00 and Rs. 1480.00 respectively. The current market cap of the company is Rs. 10342.59 crore.

The promoters holding in the company stood at 59.98%, while Institutions and Non-Institutions held 26.45% and 13.56% respectively.

Route Mobile has reported around 4-fold jump in its net profit at Rs 20.94 crore for the quarter ended December 31, 2021 as compared to Rs 5.45 crore for the same quarter in the previous year. Total income of the company increased by 18.28% at Rs 112.90 crore for Q3FY22 as compared Rs 95.45 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 28.34% in its net profit at Rs 48.28 crore for the quarter ended December 31, 2021 as compared to Rs 37.62 crore for the same quarter in the previous year. Total income of the company increased by 44.21% at Rs 567.50 crore for Q3FY22 as compared Rs 393.52 crore for the corresponding quarter previous year.

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