Outcome of the Board meeting held on May 07, 2026.
ROUTE · price
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Route Mobile Limited reported audited consolidated results for FY26 with revenue from operations declining 3.7% to ₹4,408.21 crores from ₹4,575.62 crores in FY25. Profit after tax fell 23% to ₹256.94 crores (EPS: ₹37.94) from ₹333.93 crores (EPS: ₹50.69) in the previous year. The company declared a total dividend of ₹11 per share for FY26, comprising three interim dividends of ₹3 each already paid and a final dividend of ₹2 per share subject to shareholder approval. Exceptional items of ₹135.87 crores were recorded due to write-offs of vendor advances (₹107.96 crores from an arbitration settlement and ₹27.91 crores from a defunct vendor). The Board also approved reallocation of ₹65 million IPO proceeds originally meant for Mumbai office premises to general corporate purposes. The statutory auditor issued an unmodified (clean) opinion with emphasis of matter paragraphs on the exceptional items.
Revenue and profit declines indicate challenging market conditions, though strong operating cash flow of ₹581.16 crores and zero borrowings (down from ₹440.96 crores) show a healthy balance sheet. The large exceptional item write-offs and IPO proceeds variation may raise concerns about capital allocation and vendor management practices.