ROUTE MOBILE LIMITED has informed the Exchange about Transcript
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Route Mobile filed the transcript of its Q1 FY26 earnings call held on July 18, 2025, where founder Rajdipkumar Gupta returned as CEO after Gautam Badalia's exit. Q1 revenue from operations fell 4.8% year-on-year to INR 10,508 million, impacted by the loss of a large digital native customer that moved to sourcing directly from a telecom operator, pricing pressure on WhatsApp (12-13% dilution), and softer international traffic. Despite revenue weakness, gross profit margin improved sequentially to 21.4% (from 19.3%) as the company stepped back from low-margin SMS opportunities, and adjusted EBITDA margin rose to 11% (from 10.2%). Adjusted PAT stood at INR 835 million, down 10.3% YoY. Management highlighted growth in non-SMS products (11.4% YoY), a new firewall win in Latin America via BICS synergies, and operating cash flow at ~120% of EBITDA. No FY26 guidance was provided.
Margin improvement and disciplined cash generation are positives, but revenue decline, loss of a marquee customer to direct telco sourcing, and absence of forward guidance may weigh on sentiment. Investors will watch new CEO's execution on growth revival, cost optimization, and Proximus Global cross-sell synergies in coming quarters.