ROUTE MOBILE LIMITED (ROUTE)
₹448.85 +2.49% last close, 16 Oct
Q2 FY27 results
📅 Next results: 27 Oct 2026 (board meeting)ROUTE MOBILE LIMITED's board meets on 27 Oct 2026 to consider its Q2 FY27 results (July-September 2026).
In its latest reported quarter, Q1 FY27, ROUTE MOBILE's revenue was ₹1,152 Cr (+9.6% year on year, +1.8% on the previous quarter), and net profit ₹68.5 Cr (+16.2% year on year); the operating margin was 9.2%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹1,152 | +9.6% | +1.8% |
| Operating profit | ₹105 | +12.2% | -22.4% |
| Net profit | ₹68.5 | +16.2% | -39.9% |
| EPS (₹) | 9.94 | +17.6% | -42.7% |
| Operating margin | 9.2% | — | — |
ROUTE delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 28.07% of the ROUTE shares traded on NSE were taken to delivery, against the stock's own 20-session average of 45.3%. The price rose 2.49% on unusually low delivery, so more of the move than usual was intraday trading.
Delivery in the last 5 sessions: 38.8% · 14.5% · 46.1% · 48.9% · 28.1%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Route Mobile Limited announced that shareholders approved the appointment of M S K A & Associates LLP as the company's Statutory Auditors for a 5-year term at the 22nd AGM held on September 02, 2026. The appointment runs from the conclusion of the 22nd AGM until the 27th AGM in 2031. Outgoing auditors Walker Chandiok & Co. LLP ceased to hold office upon completing their mandatory statutory tenure of two consecutive 5-year terms (10 years).
- Shareholders approved the appointment of M S K A & Associates LLP at the 22nd AGM on September 02, 2026
- Appointed for a first term of 5 consecutive years until the conclusion of the 27th AGM in calendar year 2031
- Walker Chandiok & Co. LLP completed two terms of five consecutive years each (10 years total) as Statutory Auditors
Route Mobile Limited has submitted the voting results and Scrutinizer's report for its 22nd Annual General Meeting held on September 02, 2026. Shareholders approved all 4 ordinary resolutions with over 99.99% voting in favour. Key approvals include the adoption of FY26 financial statements, declaration of a dividend of ₹2 per share (20% on face value of ₹10), re-appointment of director Rajdipkumar Gupta, and appointment of statutory auditors. A total of 49,023,384 votes were polled representing 77.81% voter turnout.
- Declared dividend of ₹2 per equity share (20% on ₹10 face value) for FY26 approved by 99.9988% votes
- All 4 ordinary resolutions passed with >99.99% approval of polled votes
- Overall voter turnout recorded at 77.81% across 49,023,384 total polled shares
- Re-appointment of director Mr. Rajdipkumar Gupta approved by 99.9967% of votes cast
Route Mobile Limited held its 22nd Annual General Meeting on September 02, 2026, with 52 members in attendance via video conferencing. Key resolutions transacted included the adoption of FY26 financial statements and the declaration of a final dividend of ₹2 per equity share of face value ₹10 (20%). Shareholders also considered the re-appointment of director Rajdipkumar Gupta and the appointment of M/s M S K A & Associates LLP as statutory auditors for a 5-year term. Final e-voting results and the scrutinizer's report will be disclosed separately.
- 22nd Annual General Meeting conducted on September 02, 2026, attended by 52 members
- Final dividend of ₹2 per equity share (20% on face value of ₹10) transacted for FY26
- Appointment of M/s. M S K A & Associates LLP as Statutory Auditors for a term of 5 years
- Remote e-voting concluded on September 01, 2026, with scrutinizer report pending filing
Route Mobile has announced the appointment of Marko Erkic as the Chief Executive Officer of its Colombian subsidiary, Masivian S.A.S. (Masiv), effective September 1, 2026. Erkic brings over 10 years of prior regional leadership experience at Infobip and commercial roles at Minka and Fora Solutions. Masiv serves as Route Mobile's strategic anchor for CPaaS and omnichannel communications growth across Latin America. The leadership change is intended to deepen omnichannel offerings and leverage Proximus Global's international scale.
- Marko Erkic appointed as CEO of Masivian S.A.S. (Masiv) effective September 1, 2026
- Erkic brings 10 years of prior regional leadership experience across Latin America from Infobip
- Masiv serves as Route Mobile's primary CPaaS platform in LATAM with strong operations in Colombia and Peru
- Route Mobile is part of Proximus Global, which connects over 5 billion subscribers and handles 180+ billion transactions annually
Route Mobile Limited has appointed Mr. Marko Erkic, Chief Executive Officer of its step-down wholly owned subsidiary Masivian S.A.S., as Senior Management Personnel of the company with effect from September 01, 2026. The appointment was approved via circular resolution on September 01, 2026. Mr. Erkic brings deep regional experience in Latin America, having previously spent a decade in senior roles at Infobip and served as Chief Revenue Officer at Minka and Fora Solutions. The elevation supports Route Mobile's strategic thrust into LATAM cloud communications.
- Appointment of Marko Erkic as Senior Management Personnel effective September 01, 2026
- Approval granted by Board via circular resolution received on September 01, 2026 at 7:28 P.M. IST
- Erkic serves as CEO of Masivian S.A.S., a step-down wholly owned subsidiary via Route Mobile (UK) Limited
- Profile highlights a decade of leadership at CPaaS peer Infobip across the Americas and LATAM
Route Mobile Limited has fixed August 18, 2026, as the record date for a final dividend of ₹2 per equity share for FY 2025-26. This represents a 20% payout on the face value of ₹10. Based on the current market price of ₹530.1, the dividend yield is approximately 0.38%. The total estimated payout is roughly ₹13.54 crore, representing about 5.3% of the company's TTM PAT of ₹257 crore.
- Final dividend of ₹2 per equity share announced for the financial year 2025-26.
- Record date for determining shareholder entitlement is fixed as Tuesday, August 18, 2026.
- Dividend payout represents 20% of the face value of ₹10 per share.
- Payment will be processed within 30 days from the date of approval at the ensuing AGM.
Route Mobile Limited has announced its 22nd Annual General Meeting (AGM) for September 02, 2026, and released its FY 2025-26 Annual Report. The company has declared a final dividend of ₹2 per share (20% of face value) for the fiscal year. The record date to determine shareholder eligibility for this dividend is August 18, 2026, with the payout scheduled to begin on or after September 08, 2026. This follows a fiscal year where the company achieved a TTM revenue of ₹4,408 Cr and a PAT of ₹257 Cr.
- Final dividend of ₹2 per share (20%) declared for the financial year 2025-26
- Record date for dividend eligibility fixed as Thursday, August 18, 2026
- 22nd Annual General Meeting scheduled for September 02, 2026, at 3:30 PM IST via Video Conference
- E-voting period for shareholders set from August 30, 2026, to September 01, 2026
- Annual Report for FY 2025-26 released, detailing performance across a ₹4,408 Cr revenue base
Route Mobile has released its Business Responsibility and Sustainability Report (BRSR) for FY 2025-26, confirming that 92.07% of its standalone turnover is derived from Enterprise Communication Services (A2P messaging). The company reported a clean record with zero data breaches and zero consumer complaints regarding data privacy or cyber-security during the year. Export contributions accounted for 12.53% of total turnover, reflecting its global footprint across 21 countries. The report also notes a permanent workforce of 497 employees with a turnover rate of 16.75%, a slight improvement from 18% two years prior.
- Enterprise Communication Services (A2P messaging) accounts for 92.07% of standalone turnover
- Export contribution stands at 12.53% of the total turnover for the entity
- Reported zero data breaches and zero consumer complaints related to data privacy or cyber-security in FY 2025-26
- Permanent employee count stands at 497 with a 16.75% annual turnover rate
- Direct presence maintained in 21 countries with a network of 1000+ connected operators
Route Mobile Limited has announced its 22nd Annual General Meeting (AGM) for September 02, 2026. The company has recommended a final dividend of ₹2 per equity share (20% of face value) for FY26, with a record date of August 18, 2026. Key agenda items include the re-appointment of Managing Director Rajdipkumar Gupta with a proposed remuneration cap of ₹4.15 crore per annum and the appointment of M S K A & Associates LLP as new statutory auditors for a five-year term, replacing Walker Chandiok & Co. LLP.
- Final dividend of ₹2 per equity share (20% of face value ₹10) recommended for FY26.
- Record date for dividend entitlement set for August 18, 2026.
- Proposed remuneration for MD Rajdipkumar Gupta capped at ₹4.15 crore per annum plus up to 15% annual increments.
- Appointment of M S K A & Associates LLP as Statutory Auditors for a 5-year term until 2031.
- Remote e-voting period scheduled from August 30, 2026, to September 01, 2026.
Route Mobile has launched a new omnichannel messaging application on the Salesforce AgentExchange, enabling enterprises to send SMS and WhatsApp messages directly from their CRM. The app is designed for regulated industries, ensuring all customer data remains within the Salesforce environment rather than external servers. This launch supports the company's strategy to grow its high-margin 'new-gen' product portfolio, which recently saw 13% QoQ growth. While no specific contract value was disclosed, the integration leverages Route Mobile's global network reaching 190+ countries and Proximus Global's scale of 180+ billion annual transactions.
- Enables omnichannel messaging (SMS and WhatsApp) across 190+ countries via direct carrier networks
- Native Salesforce integration ensures 100% of customer data remains within the client's CRM environment
- Targets high-engagement channels, noting SMS open rates of ~98% compared to ~20% for email
- Leverages Proximus Global's infrastructure which secures over 180 billion transactions annually
- Features AI-driven intent-scoring and message personalization to improve real-time customer engagement
Route Mobile Limited has issued a formal communication regarding the tax treatment of its final dividend of ₹2 per share for FY 2025-26. The company has fixed August 18, 2026, as the record date to determine shareholder eligibility, with the payment scheduled to be completed by September 10, 2026. Standard TDS of 10% will apply for resident shareholders with a valid PAN, while a higher rate of 20% will be deducted for those without a PAN or unlinked Aadhaar. This dividend represents a payout of approximately 5.3% of the TTM PAT of ₹257 Cr.
- Final Dividend of ₹2 per equity share (20% of face value ₹10) for FY 2025-26.
- Record Date for eligibility is August 18, 2026; payment to be made by September 10, 2026.
- TDS of 10% for resident shareholders with PAN; 20% for those without PAN or unlinked Aadhaar.
- Exemption from TDS for resident individuals if the total dividend in FY 2026-27 is less than ₹10,000.
- Non-resident shareholders may avail treaty benefits subject to submission of Tax Residency Certificates (TRC).
Route Mobile's wholly owned subsidiary, Route Connect Private Limited, has successfully completed the acquisition of the AI-led Omnichannel Business Undertaking from Heltar Technologies Private Limited. The transaction was executed via a slump sale on a going concern basis, following the fulfillment of all conditions precedent stipulated in the July 13, 2026, agreement. This acquisition aligns with Route Mobile's stated strategy of focusing on high-margin, new-generation products like AI-driven messaging to offset traditional SMS volume declines. While the deal value was not disclosed in this filing, the company maintains a strong net cash position and a TTM revenue of ₹4,408 Cr.
- Acquisition of AI-led Omnichannel Business successfully completed on July 29, 2026
- Transaction executed via slump sale as per the Business Transfer Agreement dated July 13, 2026
- Acquisition conducted through Route Connect Private Limited, a 100% subsidiary
- All condition precedents stipulated under the BTA have been duly fulfilled or waived
- Target business focuses on AI-led omnichannel solutions, supporting the company's 13% QoQ growth target for new-gen products
Route Mobile reported a 10% YoY revenue growth for Q1 FY27, reaching approximately Rs 1,153 cr (extrapolated from TTM). While the new product portfolio (RCS, WhatsApp) grew 11% QoQ, adjusted EBITDA margins dipped to 9.5% due to temporary disruptions in high-margin accounts and a security incident in Colombia. The company acquired Heltar Technologies in July 2026 to accelerate its AI-driven customer engagement capabilities. Management maintains that margin pressures are transient and expects recovery as high-margin traffic is restored in the coming quarter.
- Revenue from operations grew 10% YoY and 2% QoQ in Q1 FY27.
- New product revenue (IP-based messaging) grew 14% YoY and 11% QoQ, outpacing overall growth.
- Gross profit margin stood at 20.9%, impacted by temporary traffic shifts in select high-margin accounts.
- Adjusted EBITDA margin reported at 9.5%, which management cited as below their guided trajectory.
- Acquired Heltar Technologies on July 13, 2026, to integrate AI-native omnichannel engagement.
Route Mobile has made the audio recording of its Q1 FY27 earnings call available to the public following the announcement of its unaudited financial results for the quarter ended June 30, 2026. The call, held on July 24, 2026, provides management's perspective on the company's performance, which includes a TTM revenue of ₹4,408 Cr and a TTM PAT of ₹257 Cr. This is a standard regulatory filing under SEBI (LODR) Regulations, 2015. Investors can access the recording via the company's website to understand the execution of their 'profitable growth over volume' strategy.
- Audio recording of the investor call held on July 24, 2026, is now available for public review.
- The call pertains to the unaudited financial results for the quarter ended June 30, 2026.
- Company reported TTM revenue of ₹4,408 Cr and TTM PAT of ₹257 Cr leading into this period.
- Promoter holding remains high and stable at 74.85% as of the latest March 2026 filing.
- Management continues to focus on high-margin new-gen products growing at 13% QoQ.
Route Mobile Limited has declared its first interim dividend of ₹4 per equity share for the financial year 2026-27, which is 40% of the face value. The company has established July 29, 2026, as the record date to identify eligible shareholders for this payout. The dividend is scheduled to be paid to shareholders on or before August 13, 2026. The announcement also provides detailed tax withholding (TDS) guidelines, noting a 10% deduction for residents with a valid PAN and 20% for those without.
- First interim dividend declared at ₹4 per equity share of ₹10 face value.
- Record date for determining shareholder eligibility is Wednesday, July 29, 2026.
- Dividend payment to be completed on or before Thursday, August 13, 2026.
- TDS of 10% applies for resident shareholders with valid PAN if total annual dividend exceeds ₹10,000.
- Higher TDS rate of 20% will be applied if PAN is not linked with Aadhaar or is unavailable.
Financial Performance
Revenue Growth by Segment
Total revenue from operations grew 6.5% sequentially to INR 11,194 million in Q2 FY26. New generation products (IP-based messaging and Email) outperformed the core, growing 13% QoQ. Growth was driven by routing synergies and strong performance in the Masivian segment, though partially offset by structural SMS market impacts.
Geographic Revenue Split
Route Mobile operates globally across LATAM, Middle East, India, and Africa. India remains the highest contributor in terms of volume growth and International Long Distance (ILD) business. Outside India, the company serves large global customers, though specific percentage splits per region are not disclosed in the provided documents.
Profitability Margins
Gross profit margin expanded to 22.1% in Q2 FY26, a 70 basis point improvement from 21.4% in Q1 FY26 and a 100 basis point improvement YoY from 21.1%. This was driven by a strategic shift toward high-margin accounts and optimizing the customer mix.
EBITDA Margin
Adjusted EBITDA margin stood at 11.9% in Q2 FY26, up from 11% in Q1 FY26. EBITDA grew 16% sequentially from INR 115 crore to INR 133 crore, reflecting disciplined execution and a focus on profitable growth over pure volume.
Capital Expenditure
The company operates a CAPEX-light business model. While specific future INR figures are not provided, management indicated they are evaluating capital allocation for the BPO business which is showing growth. Net cash position remains strong on the balance sheet.
Operational Drivers
Raw Materials
The primary operational cost is 'Routing and Operator Costs' (interconnect charges paid to telecom carriers), which represent the bulk of the cost of services. Other costs include salary inflation and trade receivable write-offs.
Import Sources
Sourced globally from telecom operators in regions including India, LATAM, Middle East, and Africa to facilitate global message termination.
Key Suppliers
Telecom network operators globally; specific company names (other than the parent/partner Proximus/Telesign) are not listed.
Capacity Expansion
As a CPaaS provider, capacity is measured by transaction throughput. The company handled increased volumes in Q2 FY26, particularly in domestic markets, though specific unit capacity limits are not disclosed.
Raw Material Costs
Cost of services is reflected in the gross margin of 22.1%. The company is driving better costs through routing optimization and synergies with the Proximus group to expand margins.
Manufacturing Efficiency
Not applicable as a service provider; efficiency is measured by EBITDA margin expansion (up to 11.9%) and constraining operating cost growth to 11.5% YoY.
Strategic Growth
Growth Strategy
Growth will be achieved through a 'profitable growth over volume' strategy, focusing on high-margin new-gen products (IP messaging, Email) which are growing at 13% QoQ. The company is leveraging routing synergies from the Proximus acquisition and expanding into new verticals and sectors where they previously had no presence.
Products & Services
CPaaS (Communications Platform as a Service), IP-based messaging, Email solutions, Network APIs, SMS filtering, and BPO services.
Brand Portfolio
Route Mobile, Masivian.
New Products/Services
New generation product portfolio including IP-based messaging and Email solutions, which currently grow at double the rate (13% QoQ) of total revenue (6.5% QoQ).
Market Expansion
Expansion into LATAM via Masivian and deepening strategic partnerships in the Middle East and Africa. The company is also targeting new industry verticals.
Strategic Alliances
Strategic partnership with Proximus and Telesign. Telesign alone contributes approximately 15% of total revenue through related party transactions.
External Factors
Industry Trends
The CPaaS industry is shifting from traditional SMS to IP-based messaging and Network APIs. Route Mobile is positioning itself by growing its new-gen product portfolio at 13% QoQ to stay ahead of structural SMS declines.
Competitive Landscape
Competes in the global CPaaS market against other aggregators and direct-to-carrier API providers.
Competitive Moat
Moat is built on a global 'super-network' of operator connections and routing synergies. The partnership with Proximus provides a scale advantage and a captive revenue stream (15% from Telesign) that is non-dilutive to margins (10-11% EBIT margin).
Macro Economic Sensitivity
Sensitive to global enterprise communication spending and digital transformation trends.
Consumer Behavior
Enterprises are rapidly adopting IP-based messaging and Email for customer engagement, driving the 13% QoQ growth in Route's new-gen products.
Geopolitical Risks
Operations across LATAM, Middle East, and Africa expose the company to regional regulatory changes and trade dynamics.
Regulatory & Governance
Industry Regulations
Subject to telecom regulations in every operating country, including data privacy laws and anti-spam regulations for A2P messaging.
Legal Contingencies
Reported an exceptional item of INR 28.08 crore in FY25 related to the write-off of advances to vendors. Management believes core profitability remains unaffected by these one-time items.
Risk Analysis
Key Uncertainties
Structural changes in the SMS market could impact 80-85% of traditional revenue. The risk of minimum revenue guarantee (MRG) commitments to operators can lead to further write-offs if volumes do not materialize.
Geographic Concentration Risk
Significant volume concentration in the Indian domestic market, which typically has lower realizations than international traffic.
Third Party Dependencies
High dependency on global telecom operators for message termination and routing costs.
Technology Obsolescence Risk
Risk of traditional SMS being replaced by OTT/IP messaging; mitigated by 13% sequential growth in IP-based product offerings.
Credit & Counterparty Risk
Trade receivable write-offs were mentioned as a factor in operating cost growth, indicating some exposure to client credit risk.
