Route Mobile Share Price

Route Mobile Ltd is a leading provider of Communication Platform-as-a-Service (CPaaS) solutions. It mainly caters to enterprises, over-the-top (OTT) players and mobile network operators (MNOs).

Its service portfolio comprises solutions in Whatsapp Business messaging, conversational AI (artificial intelligence), voice, email, SMS filtering, analytics and monetisation.

Route Mobile is headquartered in Mumbai, with global presence in the Asia Pacific, Middle East, Africa, Europe and the Americas. It boasts of more than 3,000 global clients across various sectors.

The company was founded in 2004 as an SMS aggregator. During 2014-17, it transitioned into an enterprise-focused business, expanding globally.

Between 2018 and 2020, the company developed the omnichannel CPaaS platform, integrating multiple communication channels for a seamless user experience.

The company was listed on BSE and National Stock Exchange (NSE) in September 2020. It is ranked among the top 500 listed companies in India.

As of 17 January 2024, the company’s market capitalisation stood at over ₹10,100 crore. Route Mobile share price has gained more than 41% in the last three years.

Route Mobile business operations

Route Mobile delivers an entire communication product stack based on infusing conversational AI across a broad range of industries including social media companies, banks and financial institutions, e-commerce entities and travel aggregators.

The company drives its product momentum through dedicated strategic business units (SBUs) specialising in specific areas.

Roubot

The company’s Roubot SBU, with development centres in Bengaluru and Mumbai, offers interactive chatbot solutions in popular messaging platforms. With a strong focus on personalised live agent support, Roubot caters to markets including India, the Middle East, Bangladesh, Sri Lanka, Africa and Latin America. It serves various industries with use cases ranging from healthcare-patient interactions to product marketing and lead management for global automotive brands.

Email

The Email SBU, developed across multiple centres, including Mumbai, Bengaluru and Jaipur, specialises in providing high-volume enterprise email solutions. Its offerings support transactional and promotional use cases and target markets such as India, the Middle East, Bangladesh, Sri Lanka, Africa and Latin America. The SBU serves various industries, including financial institutions, airlines and corporate registry services.

TruSense

TruSense, with development centres in the United Kingdom (headquarters), Colombia and Mumbai, addresses security concerns with an identity and security framework that leverages artificial intelligence and machine learning for real-time risk assessment and facilitates seamless verification. It primarily targets the Latin American and Indian markets, catering to leading banks, healthcare service providers and global tech giants. TruSense’s use cases include simplifying onboarding processes, securing client accounts, and providing frictionless authentication.

Financial highlights

• In FY23, the company’s revenue from operations rose 78.3% to ₹3,569.2 crore compared to ₹2,002 crore in FY22.
• Its profit after tax (PAT) saw nearly 96% year-on-year increase to ₹333.1 crore in FY23 compared to ₹170.1 crore in FY22.
• The company’s EBITDA (earnings before interest, tax, depreciation and amortisation) stood at ₹456.56 crore in FY23, 77.2% higher compared to ₹257.63 crore in FY22.
• Its EBITDA margin slipped slightly to 12.8% in FY23 compared to 12.9% in FY22.
• The company’s earnings per share (EPS) stood at ₹52.3 in FY23.