Route Mobile Dividend 2024 – Route Mobile Ltd declares a dividend of ₹3.00. The record date is 1 Feb 2024 and the ex-dividend date is 1 Feb 2024. In a positive development for shareholders, Route Mobile has announced a generous interim dividend of ₹3.00 per equity share. This translates to a 30% payout of the face value (Rs 10), demonstrating the company’s commitment to rewarding its investors while maintaining balance for future growth. This news has been met with enthusiasm, and it will be interesting to see how it impacts the company’s stock price in the upcoming trading sessions.
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About Route Mobile Ltd
Route Mobile Ltd is a publicly listed cloud communication platform service provider founded in 2004. The company provides solutions in messaging, voice, email, SMS filtering, analytics, and monetization for enterprises OTT players, and MNOs.
The company is headquartered in Mumbai and has a presence in Asia Pacific, Middle East, Africa, Europe and America.
The market capitalization of Route Mobile Ltd is ₹10,167 Crores. The listing date of the company is 21 Sep 2020. The current chairman of the company is Sandipkumar Gupta.
Route Mobile’s portfolio comprises solutions in conversations AI, social media, banks, e-commerce entities, and travel.
Route Mobile Share Price
Route Mobile’s total revenue in quarter 1, 2023 was ₹1,023.26 Crore, in quarter 2, 2023 ₹978.16 Crore, in quarter 3, 2023 ₹1,018.29 Crore, and in quarter 4, 2023 it was ₹1,058.85 Crore.
Route Mobile’s net income in quarter 1, 2023 was ₹101.61 Crore, in quarter 2, 2023 ₹92.44 Crore, in quarter 3, 2023 ₹88.80 Crore, and in quarter 4, 2023 it was ₹105.74 Crore.
The company’s cash flow in 2021 was ₹214.49 Crore, in 2022 ₹117.48 Crore, and in 2023 ₹35.15 Crore.
The company’s EBITDA in Mar 2023 was 146.57, in Jun 2023 was 138.07, in Sep 2023 was 131.82, and in Dec 2023 it was 159.73.
The current shareholding pattern is 58.15% with the promoter, 21.59% with the foreign institutions, 2.38% with the mutual funds, 14.27% with the retail investors, and 3.61% with the others.
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Route Mobile Dividend 2024 – Route Mobile Dividend History
| Amount | Date |
| ₹3.00 | Nov 3, 2023 |
| ₹2.00 | Sep 6, 2023 |
| ₹3.00 | Aug 4, 2023 |
| ₹6.00 | Feb 7, 2023 |
| ₹3.00 | Nov 1, 2022 |
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Route Mobile share price target 2024
India’s share market is at its peak and most of the Indian stocks like Route Mobile Ltd have experienced a bull run in 2023. In 2024, the bullish sentiment of the market will likely stay. As per data, the minimum share price target in 2024 for ROUTE is expected to be ₹1,750.00 and the maximum price target for 2024 will be ₹1,850.00. With market conditions, the price target of Route Mobile Ltd may vary.
Route Mobile share price target 2030
India’s share market is at its peak and most of the Indian stocks like Route Mobile Ltd have experienced a bull run in 2023. In 2030, the bullish sentiment of the market will likely stay as India is a growing economy, and as per the government, India will become a $5 trillion economy by 2030. As per data, the minimum share price target in 2030 for ROUTE is expected to be ₹2,800.00 and the maximum price target for 2030 will be ₹3,000.00. With market conditions, the price target of Route Mobile Ltd may vary.
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