Route Mobile Ltd.Q2 revenue +5.4%, gross margin 22.4%, new products 10%

Route Mobile's Q2 FY27 call, held on 28 October 2026, reported revenue from operations of ₹1,180 crore, up 5.4% on the year and 2.4% on the quarter, and first-half revenue of ₹2,331 crore, up 7.4%.

Gross margin recovered to 22.4% from 20.9% in Q1 as gross profit rose to ₹264 crore. New products, covering RCS, WhatsApp and other IP messaging, grew 36.7% to ₹128 crore and now make up over 10% of revenue. Adjusted EBITDA was ₹118 crore, a 10% margin, held back by one-off costs from a security incident at the Colombian subsidiary and a bonus provision, and adjusted profit after tax fell 17.8% on the year. The Heltar acquisition closed in July for ₹33.7 crore, AI-driven firewall solutions run at 12 operators, and telcos have roughly doubled marketing RCS prices from September.

Management reconfirmed mid-range revenue growth, aims to return to a 12% EBITDA margin, and holds about ₹1,150 to ₹1,200 crore of free cash for acquisitions that are still at an early stage.