Route Mobile - Poised For Strong Growth: ICICI Securities

The company has consistently won large scalable marquee deals.

<div class="paragraphs"><p>A lady messaging on her smart phone. (Photo: Miquel Parera/ Unsplash)</p></div>
A lady messaging on her smart phone. (Photo: Miquel Parera/ Unsplash)

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

We believe Route Mobile Ltd. is likely to exceed its FY23 revenue guidance of 60% YoY growth given 93% YoY growth in H1 FY23, Q3 being seasonally strong for the company and Q4 being seasonally strong for the Latin America-based Masivian acquisition.

Management expects 150 basis points expansion in margins in FY23 versus Q4 FY22. As employee stock ownership plan costs were front-loaded, reducing ESOP costs will support margins in H2 FY23.

Route has consistently won large scalable marquee deals. For example, it secured a preferential partnership deal with Telenor group for five countries – Finland, Malaysia, Thailand, Pakistan and Myanmar in Q2 FY23.

Click on the attachment to read the full report:

ICICI Securities Smart Alpha_Route_Nov22.pdf


This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.