Route Mobile (ROUTE) Q1 25/26 earnings summary

Executive summary

• Leadership transition with the return of the previous CEO and other key management changes, focusing on core strengths and driving the next growth phase.

• Revenue for Q1 FY26 was ₹10,508 million, down 4.8% year-over-year and 10.6% sequentially, with gross profit margin expanding to 21.4% from 19.3% in Q4 FY25.

• Adjusted EBITDA for Q1 FY26 was ₹1,154 million, down 16.3% year-over-year and 3.9% sequentially; adjusted PAT was ₹835 million, down 10.3% year-over-year.

• Processed 39.3 billion digital transactions in Q1 FY26.

• Expansion of global footprint and product innovation, especially in non-ecommerce portfolios like WhatsApp, RCS, Voice, and AI-driven firewall solutions.

Financial highlights

• Q1 FY26 consolidated revenue from operations was ₹1,050.83 crore, down from ₹1,103.42 crore year-over-year and ₹1,175.00 crore sequentially.

• Gross profit for Q1 FY26 was ₹2,251 million, with a margin of 21.4%, up sequentially but down 0.3% year-over-year.

• Adjusted EBITDA margin for Q1 FY26 was 11%, up sequentially but down year-over-year.

• EPS for Q1 FY26 was ₹8.45.

• Board recommended an interim dividend of ₹3 per share.

Outlook and guidance

• No formal guidance provided, but management is focused on growth, cost optimization, and leveraging synergies with Proximus.

• Expectation of revenue and margin improvement in coming quarters, driven by new product lines and operator partnerships.

• Focus on expanding product portfolio, especially in healthcare and self-serve solutions.