Route Mobile’s stock dropped more than 4% to hit a 52-week low following the release of its unaudited financial results for Q3 FY25. As of 1:46 PM, the shares were trading 3.99% lower at Rs 1,151.60.
The company reported that its Q3 FY25 revenue from operations reached ₹1,183.79 crore, marking a 15.6% year-on-year increase from ₹1,024.31 crore in Q3 FY24. On a sequential basis, revenue also grew by 6.3% from ₹1,113.41 crore in Q2 FY25.
However, the company’s net profit saw a sharp decline of 24.8% YoY, dropping to ₹85.47 crore in Q3 FY25 from ₹113.64 crore in the same quarter last year. On a quarter-on-quarter basis, profit decreased by 20.1% from ₹107.03 crore in Q2 FY25.
For the nine months ending December 2024, Route Mobile reported a 13.1% YoY revenue growth, totaling ₹3,400.62 crore, up from ₹3,006.26 crore in the same period last year. Nevertheless, the company’s net profit for the nine months declined by 6.8% YoY to ₹273.65 crore.
In addition, Route Mobile has announced a second interim dividend of ₹3 per equity share for FY25, with the record date set as February 1, 2025. The dividend will be paid by February 20, 2025, to eligible shareholders. Shareholders are advised to submit the necessary documents by February 3, 2025, to determine the applicable TDS rate for tax deductions on dividend income.
Route Mobile shares opened at ₹1,195.00 today, with a high of ₹1,211.80 and a low of ₹1,131.10. The stock has experienced significant fluctuations, with its 52-week high reaching ₹1,942.45 and a low of ₹1,131.10.
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