Route Mobile hits 18-month low; stock sheds 25% in the two weeks

The company's EBITDA margins contracted from 14.2 per cent in Q4FY21 and 13.7 per cent in Q3FY22 to 11.1 per cent in Q4FY22.

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SI Reporter Mumbai
Shares of Route Mobile hit a 18-month low of Rs 1,052.60, down 4 per cent on the BSE in Thursday’s trade on concerns of weak operational performance. In comparison, the S&P BSE Sensex was up 0.5 per cent at 52,104 at 02:10 PM.

In the past two weeks, the stock of other telecom services provider has dipped 25 per cent. Since, May 17, the stock has slipped 30 per cent after the company reported a weak operational performance for the quarter ended March 2022 (Q4FY22).

First Published: Jun 23 2022 | 2:47 PM IST

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