Route Mobile, an enterprise communications firm, reported a noteworthy 29% surge in its consolidated net profit, reaching Rs 91.69 crore during the June quarter. Comparatively, in the corresponding period last year, the company had registered a profit of Rs 71 crore.
Additionally, the company’s consolidated revenue from operations witnessed a robust growth of around 32%, soaring to Rs 961.34 crore in the first quarter of the current fiscal year, compared to Rs 729 crore in the previous year.
Route Mobile’s managemant, expressed confidence in achieving their revenue growth targets for 2023-24. The company’s CPaaS (Communications platform as a service) and Firewall business experienced substantial growth due to the signing of significant contracts.
It further revealed that the company has set an ambitious objective of becoming a billion-dollar revenue company within the next 3-4 years. Additionally, Route Mobile aims to expand its market share considerably within the country.