Route Mobile Q3 PAT up 22.43% at Rs46.51cr on India EBIT dipping into negative in the quarter

29 Jan 2022 , 01:56 AM

Route Mobile Ltd reported 46.23% growth yoy in total revenues for the Dec-21 quarter on consolidated basis at Rs562.77cr. On a sequential basis, the revenues were higher for the quarter by 29.17%.

During the quarter, India revenues were sharply lower but that was more than offset by a sharp growth of nearly 50% in UK revenues at Rs380cr.

Revenues from UAE, Kuwait and Nigeria were also higher on a yoy basis. The company also made a Rs7cr loss on forex this quarter as compared to a gain of Rs5.30cr in Dec-20 quarter.

The consolidated Profit after tax (PAT) for the Dec-21 quarter was up 22.43% at Rs46.51cr on pressure from the India business of Route Mobile.

In terms of the EBIT contribution of geographic verticals, the India EBIT dipped into a small loss. However, there was substantial EBIT growth in the UAE and Kuwait business as well as the UK business, which is the biggest contributor. Nigeria EBIT was lower yoy.

Net margins tapered from 9.87% in the Dec-20 quarter to 8.26% in the Dec-21 quarter. Net margins were lower sequentially by 142 bps.

Financial highlights for Dec-21 compared yoy and sequentially

	Route Mobile
Rs in Crore	Dec-21	Dec-20	YOY	Sep-21	QOQ
Total Income (Rs cr)	₹ 562.77	₹ 384.84	46.23%	₹ 435.67	29.17%
Net Profit (Rs cr)	₹ 46.51	₹ 37.99	22.43%	₹ 42.17	10.29%
Diluted EPS (Rs)	₹ 7.71	₹ 6.66		₹ 7.16
Net Margins	8.26%	9.87%		9.68%