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Route Mobile reports over 2-fold jump in Q4 consolidated net profit

19 May 2023 Evaluate

Route Mobile has reported results for fourth quarter (Q4) and year ended March 31, 2023.

The company has reported many fold-jump in net profit at Rs 16.69 crore for the quarter under review as compared to Rs 0.15 crore for the same quarter in the previous year. Total income of the company increased by 32.40% at Rs 145.32 crore for Q4FY23 as compared to Rs 109.76 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported over 2-fold jump in its net profit at Rs  104.05 crore for fourth quarter ended March 31, 2023 as compared to Rs 47.42 crore for the same quarter in the previous year. Total income of the company increased by 61.28% at Rs 1,023.26 crore for Q4FY23 as compared to Rs 634.48 crore for the corresponding quarter previous year.

For the year ended March 31, 2023, the company has reported over 3-fold jump in its net profit at Rs 89.83 crore as compared to Rs 27.76 crore for the previous year. Total income of the company increased by 68.71% at Rs 631.02 crore for year under review as compared to Rs 374.02 crore for year ended March 31, 2022.

For the year ended March 31, 2023, on the consolidated basis, the company has reported 95.85% rise in its net profit at Rs 333.11 crore as compared to Rs 170.08 crore for the previous year. Total income of the company increased by 78.46% at Rs 3,608.63 crore for year under review as compared to Rs 2,022.09 crore for year ended March 31, 2022.

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