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Route Mobile Ltd Q3 FY24 results: Revenue from operations stood at Rs 1,024.3
Mumbai: Route Mobile Limited (“Route Mobile”) cloud communication platform service provider to enterprises, over-the-top (“OTT”) players, and mobile network operators has announced its financial results for the third quarter ended on 31 December 2023.
Highlights for Q3FY24 (YoY) Consolidated Financials –
Revenue from operations stood at Rs 1,024.3 crore as against Rs 985.7 crore in Q3FY23
Profit Before Exceptional Items and Tax stands at Rs 116.6 crore as against Rs 103.1 crore in Q3FY23
Profit after Tax (PAT) reported was at Rs 113.6 crore as against Rs 85.4 crore in Q3FY23. PAT in Q3 FY24 was boosted by exceptional items amounting to Rs 15 crore, representing the fair value gain, as on 31 December 2023, of the contingent consideration payable towards the acquisition of 100 per cent equity stake in M.R Messaging FZE
EPS stands at Rs 16.89 (basic) and Rs. 16.66 (diluted)
Q3 FY24 vs. Q2 FY24 (Consolidated)
Revenue from operations for the quarter ended 31 December 2023, stood at Rs 1,024.3 crore as compared to Rs 1,014.6 crore in Q2 FY24 results.Profit before Exceptional Items and Tax (PBT) stood at Rs 116.6 crore for Q3 FY24 as compared to Rs 103.8 crore in Q2 FY24. The company’s PBT margin stood at 11.4 per cent
Profit after Tax (PAT) reported at Rs 113.6 crore for Q3 FY24 as against Rs 88.4 crore in Q2 FY24. PAT margin stood at 11.1 per cent. PAT in Q3 FY24 was boosted by exceptional Items amounting to Rs 15.0 crore, representing the fair value gain, as on 31 December, 2023, of the contingent consideration payable towards the acquisition of 100 per cent equity stake in M.R Messaging FZE
Commenting on the results, Route Mobile Limited, managing director & group chief executive officer Rajdipkumar Gupta said, “ I am delighted to share that we have registered our best quarterly revenues during the quarter gone by. It was a slightly muted performance, considering Q3 is historically our best quarter. This is due to the industry headwinds and delays in a couple of our large contracts going live. We have recently onboarded some large customers in Asia and Europe and they should gradually ramp up”. He also said, “We are encouraged by the growing adoption of channels like WhatsApp and RCS, some of our latest contract wins are equivalent to the monthly revenues of these product lines. The evolving messaging landscape is creating exciting opportunities for us to welcome numerous new clients to our omnichannel platform.”
Talking about the Proximus deal, he added, “We have secured the most important US approval and are in striking distance of the deal closure. A couple of regulatory approvals from the Middle East are awaited anytime soon”.
Applications
Inshorts Group chief Deepit Purkayastha joins IAB video council for Southeast Asia and India
The co-founder and chief executive of the short-form content platform has been inducted into the IAB SEA+India Video Council, giving India a stronger voice in shaping digital video frameworks
NOIDA: India has long been the world’s most chaotic, multilingual and mobile-first digital market. Now, one of its most prominent short-video executives is getting a seat at the table where the rules are written.
Deepit Purkayastha, co-founder and chief executive of Inshorts Group, has been selected as a member of the IAB SEA+India Video Council for 2026. Run by the Interactive Advertising Bureau, the council brings together senior leaders from Southeast Asia and India to shape standards, best practices and measurement frameworks for the fast-evolving video and digital advertising ecosystem.
The timing is pointed. According to the IAMAI-Kantar Internet in India Report 2025, over 588 million Indians are now consuming short-video content, with growth increasingly driven by rural and non-metro audiences. India’s active internet user base has crossed 950 million, with 57 per cent of users now coming from rural markets. Yet the frameworks that govern how video consumption is measured and monetised were largely designed for single-language, Western markets and have struggled to keep pace with the scale, diversity and complexity of India’s digital landscape.
Purkayastha is no stranger to these debates. He already serves on the AI Council at Marketing and Media Alliance India and as co-chair of the Digital Entertainment Committee at the Internet and Mobile Association of India. His induction into the IAB SEA+India Video Council extends that influence into the global video standards arena.
Inshorts Group sits squarely at the intersection of these forces. Its flagship product, Inshorts, India’s highest-rated short news app, reaches 12 million active users with 60-word news summaries. Its sister platform, Public App, reaches 80 million monthly active users across more than 700 districts and 12 languages, serving communities that most global platforms barely register.
Purkayastha said the opportunity was about building something more representative. “India today sits at the centre of the global video ecosystem, but the frameworks that define how value is created and measured have not always kept pace with the realities of our market,” he said. “Being part of the IAB SEA+India Video Council is an opportunity to contribute to a more representative and future-ready approach, one that accounts for diversity in language, context, and user intent.”
As a council member, Purkayastha will contribute to shaping regional standards across video advertising, measurement and platform governance, with a focus on frameworks that are native to India’s multilingual, mobile-first ecosystem rather than imported from global benchmarks designed elsewhere.
For years, India has been content to play by rules written for other markets. Purkayastha’s induction is a signal that it is done waiting to be consulted and ready to start writing them.
