Route Mobile has partnered with Billeasy E Solutions (Billeasy), a Mumbai-based integration partner, to launch a unique ticketing experience for the L&T Metro Rail Hyderabad commuters. This initiative leverages Rich Communication Services (RCS) and Google Wallet services to enable commuters to easily book e-tickets, save them in Google Wallet, and access them across multiple channels. This innovative solution streamlines the metro ticketing process, providing commuters with more convenient and efficient journeys. RCS messaging enables an interactive, conversational ticketing experience that replaces traditional SMS with advanced features like information cards, carousels, suggested replies, and app integrations. RCS allows commuters to book tickets directly from their default Android messaging app - Google Messages, eliminating the need to wait in long ticketing queues at stations or download additional apps. To use this service, commuters need to simply scan the QR code and send a `Hi` via RCS messaging on Google Messages to the official L&T Metro Rail Hyderabad`s handle. They are then guided to select their source, destination, and ticket type. They can complete the payment securely through options like UPI, with instant confirmation. Once booked, tickets are seamlessly stored in Google Wallet, making it easily accessible directly from their phone for a seamless travel experience. This whole experience is native, without the need of downloading any new app and works within the Google Messages app. Currently available for Android users, this service is future-proofed to support iOS when Apple brings RCS support to India, further enhancing convenience across the Hyderabad Metro network.Powered by Capital Market - Live News

Route Mobile announced that the Board of Directors of the Company at its meeting held on 21 October 2024, inter alia, have recommended the first interim dividend of Rs 6 per equity Share (i.e. 60%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of Route Mobile rose 14.04% to Rs 101.27 crore in the quarter ended September 2024 as against Rs 88.80 crore during the previous quarter ended September 2023. Sales rose 9.74% to Rs 1113.41 crore in the quarter ended September 2024 as against Rs 1014.61 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1113.411014.61 10 OPM %12.1512.63 - PBDT153.36125.27 22 PBT131.06103.83 26 NP101.2788.80 14 Powered by Capital Market - Live News

Route Mobile will hold a meeting of the Board of Directors of the Company on 21 October 2024.Powered by Capital Market - Live News

Route Mobile announced today that its promoter entity, Proximus Opal S.A., has successfully divested a 6.03% stake in the company through an Offer for Sale (OFS) on 12 September and 13 September 2024, in addition to the 1.95% sell down that was completed on 26 July 2024, to comply with the minimum public holding requirement of 25%. The OFS was oversubscribed and received strong participation from long-only marquee investors. With this development, Proximus Opal, part of the Proximus Group, has reduced its holding in Route Mobile from 83.11% to below 75% and is compliant with the minimum public shareholding criteria, in accordance with the regulatory guidelines set by the Securities and Exchange Board of India (SEBI). Powered by Capital Market - Live News