Buy Route Mobile, target price Rs 1880: JM Financial

JM Financial has buy call on Route Mobile Ltd. with a target price of Rs 1880. The current market price of Route Mobile Ltd. is Rs 1743.6.

Route Mobile Ltd., incorporated in the year 2004, is a Small Cap company (having a market cap of Rs 10987.05 Crore) operating in Services sector.

Route Mobile Ltd. key Products/Revenue Segments include Sale of services for the year ending 31-Mar-2023.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 1113.98 Crore, up 8.31 % from last quarter Total Income of Rs 1028.55 Crore and up 13.41 % from last year same quarter Total Income of Rs 982.26 Crore. Company reported net profit after tax of Rs 81.16 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 83.11 per cent stake in the company as of 30-Jun-2024, while FIIs owned 5.75 per cent, DIIs 1.04 per cent.