Route Mobile Q1 Results Live : profit falls by 15.06% YOY
Route Mobile Q1 Results Live : Revenue increased by 14.07% YoY & profit decreased by 15.06% YoY
Route Mobile Q1 Results Live : Route Mobile announced their Q1 results on 19 Jul, 2024, with a 14.07% increase in revenue and a 15.06% decrease in profit year-over-year.
In comparison to the previous quarter, the company saw an 8.49% growth in revenue but a 10.87% decline in profit.
Selling, general & administrative expenses rose significantly by 26.91% quarter-over-quarter and 21.21% year-over-year.
The operating income also took a hit, down by 3.74% sequentially and 0.56% annually.
The Earnings Per Share (EPS) for Q1 stands at ₹12.51, reflecting a 15.47% decrease year-over-year.
Route Mobile's stock performance has been moderate with a 3.13% return in the last week, 14.66% return in the last 6 months, and a 14.34% year-to-date return.
The company currently holds a market cap of ₹11476.8 Cr with a 52-week high/low of ₹1942.45 & ₹1386.05 respectively.
Analysts' ratings for Route Mobile as of 21 Jul, 2024, indicate 1 Hold rating, 2 Buy ratings, and 2 Strong Buy ratings out of 5 analysts covering the company, leading to a consensus recommendation to Buy.
Route Mobile Financials
| Period | Q1 | Q4 | Q-o-Q Growth | Q1 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 1103.42 | 1017.03 | +8.49% | 967.34 | +14.07% |
| Selling/ General/ Admin Expenses Total | 65.04 | 51.25 | +26.91% | 53.66 | +21.21% |
| Depreciation/ Amortization | 22.3 | 21.85 | +2.06% | 21.13 | +5.54% |
| Total Operating Expense | 1001.97 | 911.64 | +9.91% | 865.32 | +15.79% |
| Operating Income | 101.45 | 105.39 | -3.74% | 102.02 | -0.56% |
| Net Income Before Taxes | 102.88 | 109.39 | -5.95% | 110.23 | -6.67% |
| Net Income | 78.52 | 88.1 | -10.87% | 92.44 | -15.06% |
| Diluted Normalized EPS | 12.51 | 13.87 | -9.81% | 14.8 | -15.47% |
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