Left Menu
Development News Edition

Route Mobile Q2 profit more than doubles to Rs 32.7 cr

"Q2 FY21 has been another quarter of strong performance, backed by better operating leverage, despite the trying circumstances," Route Mobile Managing Director and Group CEO Rajdip Gupta said. He added that the pandemic has accelerated Communications Platform as a Service (CPaaS) adoption amongst enterprises, and Route Mobile continues to enable its customers in their digital communication journey.

PTI | New Delhi | Updated: 29-10-2020 19:03 IST | Created: 29-10-2020 19:03 IST
Route Mobile Q2 profit more than doubles to Rs 32.7 cr

Cloud communications platform service provider Route Mobile has more than doubled its consolidated net profit at Rs 32.7 crore for the September 2020 quarter. The company had posted a net profit of Rs 13 crore for the same period last year, Route Mobile said in a regulatory filing.

The company saw its revenue from operations grow about 78 per cent to Rs 349.3 crore in the quarter under review from Rs 196.6 crore in the year-ago period, it added. Earnings per share (EPS) for the quarter ended September 30, 2020 stood at Rs 6.46.

In sequential terms, the net profit was higher by 21.5 per cent from Rs 26.9 crore, while revenue from operations was higher by 12.8 per cent from Rs 309.6 crore in June 2020 quarter. "Q2 FY21 has been another quarter of strong performance, backed by better operating leverage, despite the trying circumstances," Route Mobile Managing Director and Group CEO Rajdip Gupta said.

He added that the pandemic has accelerated Communications Platform as a Service (CPaaS) adoption amongst enterprises, and Route Mobile continues to enable its customers in their digital communication journey. Citing Gartner estimates, he said by 2023, 90 per cent of global enterprises will leverage API enabled CPaaS offerings to enhance their digital competitiveness, up from 20 per cent in 2020.   "We are optimally positioned to be at the forefront and drive this transformation," he added..


TRENDING

OPINION / BLOG / INTERVIEW

Turbulence surrounding tobacco control in Ghana

... ...

Smart healthcare: IoT redefining the way healthcare is delivered

As the world is embracing the new wave of digitalization triggered by the pandemic and the arrival of 5G, the adoption of IoT devices will further boom. With adoption set to soar, IoT security issues and other challenges cant be ignored any...

Refugee compassion and response: Ideas to mitigate disasters now and in their future

Their homeland becomes a forbidden territory for them and more likely than not, their journey to foreign soil is no less traumatizing, not to say deadly. It is crucial to help refugees live a life of dignity and purpose....

Inadequate water infrastructure causes a tidal wave of coronavirus in rural Alaska

... ...

Videos

Latest News

Ukrainian volunteers step in to battle oxygen shortage in hospitals

Lesya Lytvynovas phone never stops ringing. With one hand she soothes her three-month-old baby, with the other she answers calls from relatives of coronavirus patients desperate to get an oxygen generator.Lytvynova runs a Kyiv-based charity...

Tractor-trolleys, farm equipment turn into temporary shelters for protesting farmers

Tractor-trolleys and key farm equipment have turned into temporary shelters for thousands of farmers who have assembled at the borders of the to protest against the Centres new farm laws. The ongoing protests by thousands of farmers ente...

Cardinal's prison dairy explores suffering, solitary lockup

Cardinal George Pell, who was convicted and then acquitted of sexual abuse in his native Australia, reflects on the nature of suffering, Pope Francis papacy and the humiliations of solitary confinement in his jailhouse memoir, according to ...

Motor racing-Fittipaldi to replace Grosjean at Haas for Sakhir GP

Brazilian reserve driver Pietro Fittipaldi will make his Formula One race debut with Haas at next weekends Sakhir Grand Prix in Bahrain as a stand-in for the injured Romain Grosjean, the U.S.-owned team said on Monday. Frenchman Grosjean su...

Give Feedback