ROUTE MOBILE Announces Quarterly Results (2QFY22); Net Profit Up 28.6%

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ROUTE MOBILE Announces Quarterly Results (2QFY22); Net Profit Up 28.6%
Wed, 20 Oct

ROUTE MOBILE has announced its results for the quarter ended September 2021. Here is a detailed performance review of the same:

ROUTE MOBILE Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-20*
3
Jun-21*
3
Sep-21*
QoQ ChangeYoY Change
Net SalesRs m3,4933,7754,35715.4%24.7%
Other incomeRs m524524-45.2%-53.2%
TurnoverRs m3,5453,8204,38114.7%23.6%
ExpensesRs m3,0753,3203,79714.4%23.5%
Gross profitRs m41845556023.1%33.9%
DepreciationRs m68667412.1%8.2%
InterestRs m95741.1%-23.9%
Profit before taxRs m39442950417.4%28.1%
TaxRs m668683-3.0%25.5%
Profit after taxRs m32734342122.6%28.6%
Gross profit margin%12.012.112.9
Effective tax rate%16.920.016.6
Net profit margin%9.29.09.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 24.7% on a year-on-year (YoY) basis. The expenses were up by 23.5% YoY during the same period.
  • The company's operating profit increased by 33.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.9% in 2QFY22 as against 12.0% in 2QFY21.
  • Depreciation charges increased by 8.2% and finance costs declined by 23.9% YoY, respectively.
  • Other income declined by 53.2% YoY during the quarter.
  • Net profit for the quarter increased by 28.6% YoY. Net profit margins during the quarter increased from 9.2% in 2QFY21 to 9.6% in 2QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 15.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 14.4% QoQ during the same period.
  • The company's operating profit increased by 23.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.9% in 2QFY22 as against 12.1% in 1QFY21.
  • Net profit for the quarter increased by 22.6% QoQ, while net profit margins increased from 9.0% in 1QFY21 to 9.6% in 2QFY22.

To see how ROUTE MOBILE has performed over the last eight quarters,please visit here.

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ROUTE MOBILE Share Price Performance

Over the last one year, ROUTE MOBILE share price has moved up from Rs 721.0 to Rs 2,093.1, registering a Gain of Rs 1,372.2 or around 190.3%.

Overall, the S&P BSE SENSEX is up 52.1% over the year.

Current Valuations

At the current price of Rs 2,093.1, the price to earnings (P/E) ratio of ROUTE MOBILE stands at 80.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 18.5 times.

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