ROUTE MOBILE LIMITED has informed the Exchange regarding Forfeiture/Cancellation of 2500 Options.
ROUTE · price
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Route Mobile reported FY2026 consolidated revenue of ₹4,408 crore, down 3.7% from ₹4,576 crore in FY2025. Profit after tax fell 23% to ₹257 crore (vs ₹334 crore) due to exceptionally high write-offs of ₹136 crore, mainly from two vendor disputes — ₹108 crore from an arbitration loss with an SMS vendor and ₹28 crore from another vendor who ceased operations. Excluding exceptional items, operating profit grew 10% to ₹489 crore. The auditor issued an unmodified opinion but included an Emphasis of Matter on the vendor write-offs. The Board recommended a final dividend of ₹2 per share, making total FY2026 dividend ₹11 per share. The company also proposed reallocating ₹65 crore of IPO proceeds originally meant for Mumbai office purchase to general corporate purposes.
Revenue and PAT declined year-on-year, but the write-offs are non-cash exceptional items tied to past vendor disputes rather than operational weakness. The ₹11 per share dividend signals confidence, and the IPO fund reallocation provides management flexibility.