Route Mobile Reports FY26 Audited Results; Board Recommends ₹2 Final Dividend

Route Mobile Limited's Board of Directors, at its meeting held on May 07, 2026, approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, pursuant to Regulation 30 read with Schedule III and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory auditors, Walker Chandiok & Co LLP, issued an audit report with an unmodified opinion on both the standalone and consolidated annual financial results. The Board also recommended a final dividend and approved several key corporate actions at the same meeting.

Consolidated Financial Performance

Route Mobile's consolidated financial results for the quarter and year ended March 31, 2026 are presented below:

Metric: Q4 FY26 Q3 FY26 Q4 FY25 FY26 FY25 Revenue from Operations (₹ cr): 1,130.90 1,107.06 1,175.00 4,408.21 4,575.62 Other Income (₹ cr): 27.85 12.87 12.11 54.09 46.79 Total Income (₹ cr): 1,158.75 1,119.93 1,187.11 4,462.30 4,622.41 Total Expenses (₹ cr): 1,019.48 984.72 1,083.43 3,973.39 4,177.85 Profit Before Exceptional Item & Tax (₹ cr): 139.27 135.21 103.68 488.91 444.56 Exceptional Item (₹ cr): — — (24.73) (135.87) (18.45) Profit Before Tax (₹ cr): 139.27 135.21 78.95 353.04 426.11 Profit for the Period/Year (₹ cr): 114.43 102.56 60.28 256.94 333.93 Total Comprehensive Income (₹ cr): 168.23 124.09 84.29 428.12 357.62 Basic EPS (₹): 17.35 15.51 8.98 37.94 50.69 Diluted EPS (₹): 17.35 15.51 8.98 37.94 50.69

For FY26, consolidated revenue from operations stood at ₹4,408.21 crores against ₹4,575.62 crores in FY25. Profit before exceptional item and tax improved to ₹488.91 crores in FY26 from ₹444.56 crores in FY25. The consolidated profit for FY26 was ₹256.94 crores, compared to ₹333.93 crores in FY25, with the decline primarily attributable to exceptional items of ₹135.87 crores during the year. Total comprehensive income for FY26 stood at ₹428.12 crores versus ₹357.62 crores in FY25.

Consolidated Balance Sheet Highlights

The consolidated balance sheet as at March 31, 2026 reflects a strengthened equity position and significant reduction in liabilities. Key figures are summarised below:

Metric: 31.03.2026 (₹ cr) 31.03.2025 (₹ cr) Total Assets: 3,556.23 3,825.72 Total Equity: 2,821.62 2,464.08 Equity Attributable to Owners of Parent: 2,769.59 2,432.00 Non-Controlling Interest: 52.03 32.08 Total Non-Current Liabilities: 73.48 67.08 Total Current Liabilities: 661.13 1,294.56 Total Liabilities: 734.61 1,361.64 Cash and Cash Equivalents: 880.12 850.40 Trade Receivables: 909.40 932.77 Borrowings (Current): — 440.96

Notably, current borrowings were fully repaid during FY26, declining from ₹440.96 crores to nil, contributing to a sharp reduction in total current liabilities from ₹1,294.56 crores to ₹661.13 crores.

Consolidated Cash Flow Summary

On a consolidated basis, net cash generated from operating activities stood at ₹581.16 crores for FY26 (FY25: ₹602.48 crores). Net cash used in investing activities was ₹14.02 crores (FY25: ₹260.14 crores), while net cash used in financing activities was ₹535.21 crores (FY25: ₹33.79 crores), primarily on account of repayment of borrowings and dividend payments. Cash and cash equivalents at the end of the year stood at ₹880.12 crores (FY25: ₹850.40 crores).

Standalone Financial Performance

The standalone financial results for the quarter and year ended March 31, 2026 are summarised below:

Metric: Q4 FY26 Q3 FY26 Q4 FY25 FY26 FY25 Revenue from Operations (₹ cr): 220.94 185.94 208.38 769.87 832.21 Other Income (₹ cr): 29.91 21.48 23.09 111.52 96.38 Total Income (₹ cr): 250.85 207.42 231.47 881.39 928.59 Total Expenses (₹ cr): 195.73 166.76 168.88 701.61 728.47 Profit Before Exceptional Item & Tax (₹ cr): 55.12 40.66 62.59 179.78 200.12 Profit Before Tax (₹ cr): 55.12 40.66 34.51 179.78 172.04 Profit for the Period/Year (₹ cr): 41.05 30.39 25.76 134.78 131.02 Total Comprehensive Income (₹ cr): 41.13 30.39 25.42 134.21 130.03 Basic EPS (₹): 6.52 4.82 4.09 21.39 20.83 Diluted EPS (₹): 6.52 4.82 4.09 21.39 20.83

Standalone Balance Sheet Highlights

On a standalone basis, total assets stood at ₹1,495.73 crores as at March 31, 2026 (March 31, 2025: ₹1,668.92 crores). Total equity increased to ₹1,325.17 crores from ₹1,259.34 crores. Total current liabilities declined sharply to ₹157.13 crores from ₹400.85 crores, driven primarily by a reduction in trade payables from ₹370.58 crores to ₹118.74 crores. Standalone cash and cash equivalents stood at ₹247.03 crores (FY25: ₹242.06 crores).

Segment Performance

On a consolidated basis, the India segment reported revenue of ₹934.39 crores for FY26 (FY25: ₹947.79 crores), while the Overseas segment contributed ₹4,129.31 crores (FY25: ₹4,234.38 crores). After inter-segment eliminations of ₹655.49 crores, total revenue from operations stood at ₹4,408.21 crores. Segment results before other income, finance costs, exceptional item, and tax improved to ₹445.64 crores in FY26 from ₹438.68 crores in FY25. Total consolidated segment assets stood at ₹3,556.23 crores as at March 31, 2026, compared to ₹3,825.72 crores as at March 31, 2025, while total segment liabilities declined significantly to ₹734.61 crores from ₹1,361.64 crores.

Exceptional Items

The consolidated exceptional items for FY26 amounted to ₹135.87 crores. This comprised two write-offs: one subsidiary wrote off a remaining net advance receivable from a vendor amounting to ₹107.96 crores, following the failure of renegotiation attempts and a partial arbitration award from the Singapore International Arbitration Centre, with both parties subsequently executing a settlement agreement dated February 19, 2026 withdrawing all claims. Additionally, another subsidiary wrote off an advance of ₹27.91 crores extended to a vendor that had ceased business operations during the year, owing to significant uncertainty in recovery.

IPO Proceeds Utilisation

As at March 31, 2026, ₹65.00 crores of IPO proceeds remained unutilised, specifically the amount originally earmarked for purchase of office premises in Mumbai. These funds have been temporarily invested in bank deposits with scheduled commercial banks. The Board has approved, subject to shareholders' approval, a proposed variation to redirect this unutilised ₹650 million towards general corporate purposes. The utilisation status of IPO proceeds is summarised below:

Object of Issue: Planned (₹ cr) Utilised upto 31.03.2026 (₹ cr) Unutilised as at 31.03.2026 (₹ cr) Repayment/Pre-payment of Borrowings: 36.50 36.50 — Acquisitions and Strategic Initiatives: 83.00 83.00 — Purchase of Office Premises in Mumbai: 65.00 — 65.00 General Corporate Purposes: 55.50 55.50 — Net Utilisation: 240.00 175.00 65.00

Dividend and Other Board Decisions

The Board recommended a final dividend of ₹2 per equity share of face value ₹10 each (20%) for FY26, subject to shareholders' approval at the ensuing Annual General Meeting. The total dividend for FY26 aggregates to ₹11 per equity share, inclusive of three interim dividends of ₹3 each per share declared during the year. The record date for the final dividend and the AGM date will be intimated in due course. The Board also noted the lapse of 2,500 stock options granted under the Route Mobile ESOP Plan 2017. During FY26, the company allotted 5,500 fully paid-up equity shares of face value ₹10 each pursuant to exercise of stock options by eligible employees.

Management and Auditor Appointments

The Board approved the following appointments and re-appointments, effective May 07, 2026:

Appointment: Details Mr. Alyque Sequeira: Executive Advisor to CEO, designated as Senior Management Personnel Mr. Gaurav Jhunjunwala: AGM-Legal, designated as Senior Management Personnel Mr. Nicolas Lecomte: Re-appointed as Internal Auditor for FY 2026-27 (Internal Audit Manager, Proximus S.A.)

The trading window for designated persons will reopen on Sunday, May 10, 2026. The Board meeting commenced at 6:20 PM IST and concluded at 8:50 PM IST on May 07, 2026. The regulatory filing was signed by Tejas Shah, Company Secretary & Compliance Officer (ICSI Membership No: A34829).

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