Route Mobile - Accelerated Growth Trajectory: ICICI Securities

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 recently interacted with Route Mobile Ltd.'s senior management for an update on key business developments. Route is confident of exceeding its FY23 revenue guidance and delivering ~60% YoY growth (versus guidance of 50% YoY stated in Q1 FY23 earnings call) led by:strong volume growth driven by recent deal wins and ramp-up across multiple enterprise clients,increase in international long distance prices (with effect from Q2 FY23),possibility of increase in national long-distance prices, and strong seasonality of acquired business (Masivian, based in Latin America) in overseas markets. Management mentioned that aggressive pricing offered by a telco for a large public sector undertaking banking client in Q1 FY23 was a ‘one-off’ event. Moreover, subsequent request for proposals have seen rational pricing. Management acknowledged that competitive intensity has increased from large telcos though Route is able to maintain its margins as well as gain market share, especially from global competitors with leveraged balance sheet..Click on the attachment to read the full report:.DISCLAIMERThis 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.

Route Mobile - Accelerated Growth Trajectory: ICICI Securities

Route Mobile is confident of exceeding its 2022-23 revenue guidance and delivering ~60% growth year-on-year.

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