InvestorQ : Why has Route Mobile fallen sharply in the last few weeks?
Lavanya Subramanian made post

Why has Route Mobile fallen sharply in the last few weeks?

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Anamika Sodhani answered.
2 months ago
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During the current week, the Route Mobile stock touched a yearly low of Rs1,052 due to rising concerns over weak operational performance. The stock of Route Mobile has fallen by 25% due to operational concerns and is now down a full 56% from its peak price of Rs2,388 per share scaled in October last year. EBITDA margins in the March 2022 quarter shrank yoy from 14.2% to 11.1%. This was caused by routine seasonality of business flows as well as one-off expenses taken. However, EBITDA margins for FY22 expanded 40 bps to 12.9%.

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