Route Mobile (ROUTE) Q3 25/26 earnings summary

Executive summary

• Leadership transition announced: Tushar Agnihotri appointed CEO, Rajdip Gupta re-designated as Managing Director, with a focus on strategic direction and partnerships.

• Q3 marked by resilience and disciplined execution amid a business mix transformation, focusing on higher-margin, quality revenue streams.

• Approved unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, with statutory auditor review completed.

• Maintained global presence with 2,700+ active clients and 280+ direct MNO connects across 20+ locations.

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

Financial highlights

• Q3 FY26 revenue from operations was ₹1,107.06 crore (INR 11,071 million), down 6.5% year-over-year and 1.1% sequentially, mainly due to lower ILD business volumes.

• Gross profit rose to ₹271.2 million (INR 2,712 million), up 8.6% year-over-year and 9.8% sequentially, with gross margin expanding to 24.5%.

• Adjusted EBITDA increased 3.5% year-over-year to ₹142.9 million (INR 1,429 million), with margin at 12.9%.

• Adjusted profit after tax for Q3 was ₹1,026 million, up 20% year-over-year and 2.2% sequentially.

• Exceptional items included a write-off of ₹135.87 crore in Q3 FY26 related to arbitration and vendor advances.

Outlook and guidance

• Focus remains on expanding margins and quality of revenue, with growth in higher-margin domestic and regional business expected to continue.

• Continued investment in new product launches and customer engagement solutions.

• Leadership changes are aimed at accelerating growth and profitability, with a focus on strategic initiatives and sustainable outcomes.

• No specific revenue or margin guidance provided; management plans to update investors after upcoming strategic sessions.