Route Mobile Ltd Share Price – NSE  /  BSE

IT - Software, Small Cap

Through this strategic partnership, users will have the convenience of purchasing Maha Metro Pune e-tickets directly via RCS Messages on android phones. In cases where handsets do not support RCS, the user journey seamlessly transitions to other Over-The-Top (OTT) channels, ensuring uninterrupted service.

Currently undergoing a customer user group (CUG) testing, metro staff stationed at select Maha Metro Pune stations will facilitate the RCS ticket purchase journey by sharing QR codes with commuters. This proactive approach enhances accessibility and ensures a smooth transition to the new ticketing system for Pune Metro users.

Rajdipkumar Gupta, managing director & group CEO, Route Mobile, said: “Metro ticketing through RCS Business Messaging will transform the way customers commute daily. This is a first of it’s kind ticketing solution developed and deployed on RCS messaging. Billeasy is a natural partner to us as they are continuously innovating and deploying digital solutions.”

RCS is an industry accepted rich messaging standard, developed by Google. It elevates the user experience from simple text messaging to rich messaging by adding person-to-person chat capabilities like sharing media, documents, emojis and enabling conversational commerce between enterprises and users.

Route Mobile offers omnichannel communication solutions to its customers, including notably automated SMS or WhatsApp notifications for order updates, appointment reminders and promotions, as well as voice-based and email solutions. Route Mobile also offers AI based firewall analytics solutions to mobile network operators across the globe. It serves more than 3,000 customers worldwide (enterprises, OTTs and mobile operators).

The company's consolidated net profit jumped 28.26% to Rs 105.74 crore in Q3 FY24 from Rs 82.44 crore in Q3 FY23. Net sales increased by 3.91% year on year to Rs 1,024.31 crore in Q1 FY24.

The scrip shed 0.03% to currently trade at Rs 1597.60 on the BSE.

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Route Mobile has partnered with Billeasy E Solutions (Billeasy), a Mumbai based integration partner, to introduce a first of it's kind ticket purchase experience through Rich Communication Services (RCS) Business Messaging for Maha Metro Pune. This innovative solution aims to simplify and enhance the process of purchasing metro tickets, offering commuters a seamless and efficient journey.

Through this strategic partnership, users will have the convenience of purchasing Maha Metro Pune e-tickets directly via RCS Messages on android phones. To use this service, users will need to scan QR code and chat with the official RCS account of Maha Metro Pune, follow the simple instructions like selecting ‘from' and ‘to' stations, number of tickets and make the payment via their preferred payment method (UPI, Net banking, Credit or debit cards). Upon successful completion, the user will receive the tickets as an RCS message in the form of a QR Code, which they can present at the time of entering the station and complete their journey. This whole experience is native, without the need of downloading any new app and works within the Messages app. In cases where handsets do not support RCS, the user journey seamlessly transitions to other Over-The-Top (OTT) channels, ensuring uninterrupted service.

Currently undergoing a Customer User Group (CUG) testing, metro staff stationed at select Maha Metro Pune stations will facilitate the RCS ticket purchase journey by sharing QR codes with commuters. This proactive approach enhances accessibility and ensures a smooth transition to the new ticketing system for Pune Metro users.

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Route Mobile has allotted 1,67,500 equity shares under ESOP on 16 February 2024.

Consequent to this allotment, the paid-up capital of the Company stands increased from Rs. 62,62,10,320 (consisting of 6,26,21,032 equity shares of face value of Rs. 10 each) to Rs. 62,78,85,320 (consisting of 6,27,88,532 equity shares of face value of Rs. 10 each).

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Route Mobile announced that the Board of Directors of the Company at its meeting held on 23 January 2024, inter alia, have recommended the Third Interim dividend of Rs 3 per equity Share (i.e. 30%) , subject to the approval of the shareholders.

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