Read the quarter in context.
A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
ConCallIQ research layer
Signal, with the source still visible.
Use the controls below to narrow the view, then follow the evidence into the next layer of context.
Revenue
₹1,131 Cr
verified against source
Revenue YoY
-3.7%
reported change
EBITDA
₹525.9 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Route Mobile reported Q4 FY26 revenue of ₹1,130.9 Cr, down 3.8% YoY, but gross profit grew 16.6% to ₹263.9 Cr with margin expanding to 23.3% (up 400 bps). Full-year revenue declined 3.7% to ₹4,408.2 Cr, while PAT rose 6.7% to ₹376.1 Cr. The revenue decline reflects structural A2P SMS headwinds and loss of high-value IL traffic, partially offset by domestic growth and higher-margin mix. New products (RCS, WhatsApp, AI) grew at 43% CAGR over four years but remain only 8% of revenue. Management guided mid-to-high single-digit revenue growth for FY27 with ~12% EBITDA margin, and raised dividend to ₹16.5/share. Key risks include sustained pricing compression in SMS/RCS and slower-than-expected new product ramp-up.
Colored figures show movement against the previous available record.
Guidance to track
- Revenue expected to grow mid-to-high single digit YoY, driven by new product traction, geographic expansion, and cross-sell within Proximus Global.
- EBITDA margin target of approximately 12%, supported by cost control and mix shift to higher-margin products.
- Regular dividend raised 50% from ₹11 to ₹16.5 per share, payable quarterly, reflecting higher payout of free cash flow.
Risks flagged
- Revenue per transaction fell 14% YoY; RCS pricing may commoditize further if operators do not set floor pricing, pressuring blended realizations.
- New products (RCS, WhatsApp, AI) contribute only 8% of revenue; growth moderated to 11% YoY, insufficient to offset legacy SMS decline in near term.
- Cash balance of ~₹1,400 Cr (~40% of market cap) with no large M&A announced; risk of persistent low return on excess cash if deals don't materialize.
Key quotes
- The reset is largely behind us and the business has emerged from it structurally healthier.
- We have spent the past 12 months understanding each of these precisely. The strategy I'm about to walk through is a direct response to every one of them.
- We are not looking to make large transformational acquisitions. We're looking for targeted capability transactions where the technology accelerates the road map and the customer base is complimentary.
Research modules