Latest news with #GautamBadalia
Business Standard
18-07-2025
- Business
- Business Standard
Trishakti Industries Limited Announces Capital Raising Initiative via Preferential Equity & Convertible Warrants
VMPL Kolkata (West Bengal) [India], July 18: Trishakti Industries Limited, India's leading crane rental and heavy lifting solutions provider, has successfully concluded a capital raising initiative, marking a pivotal moment in its ongoing growth trajectory and ambitious capex plans. Key Highlights: Preferential Allotment of Equity Shares and Warrants Strategic Capital Raise & Allotments: The Board of Directors has approved a preferential issue comprising: * 1,46,000 fully paid-up equity shares at an issue price of ₹158.10 per share. * 16,18,000 convertible warrants at ₹158.10 per warrant, each warrant convertible into one equity share within 18 months of allotment. * The aggregate fundraise will total up to ₹27.89 crore, combining fresh capital infusion and conversion of unsecured loans. * 10 lakh shares allotted to the promoter group, signifying their continued commitment and vote of confidence in Trishakti's long-term vision. * 6.18 lakh warrants allotted to public (non-promoter) investors, significantly broadening the shareholder base and market participation. Enhanced Shareholding Profile After the preferential issue, the total number of shares increased from 1,63,30,550 to 1,80,94,550. The Promoter and Promoter Group's shareholding rose from 1,12,85,591 to 1,22,85,591 shares, though their stake slightly decreased from 69.11% to 67.90%. Public shareholding increased from 50,44,959 to 58,08,959 shares, with their stake rising from 30.89% to 32.10%. Capex Plan: India's Infrastructure Backbone: * Trishakti is executing a robust ₹400 crore capex plan for FY25-FY27, strengthening its modern fleet of hydraulic, crawler, and truck-mounted cranes to support India's most demanding infrastructure projects. * Over Rs.50 crore has already been invested as of FY25, enabling Trishakti to achieve full fleet utilization and win prestigious contracts--including a landmark equipment supply order from Reliance Industries for a marquee renewable energy project. * Funds from this round will directly advance fleet expansion, technology upgrades, working capital, and project execution capabilities. High-Profile Investor Participation: The current capital raise attracted significant new backing from: * Gautam Badalia, CEO of Route Mobile, who joins as a shareholder, bringing deep strategic insight. * The company's first major Domestic Institutional Investor (DII), marking the entry of institutional capital and enhancing market credibility. Sector Outlook: Robust Growth in India's Infrastructure Ecosystem: * India's infrastructure sector is experiencing unprecedented momentum, backed by record government allocations of over ₹11 lakh crore for FY2025-26 alongside strong growth in private capex. * Large-scale expansion in transportation, energy, and urban development is fueling high demand for crane rentals and heavy lifting solutions. * The surge in mega projects and modernization initiatives is reshaping the national landscape, providing significant growth opportunities for companies like Trishakti Industries to scale and innovate their fleet-driven offerings. Management Commentary Mr. Dhruv Jhanwar, Chief Executive Officer, stated: "This capital raise represents a strategic milestone in Trishakti's journey. With a robust pipeline of orders and rising demand from blue-chip clients, we are scaling rapidly to meet the evolving needs of India's infrastructure sector. Importantly, this fundraise includes significant infusion from the promoter group--demonstrating our conviction--and participation from marquee industry and institutional investors. We are confident these resources will accelerate our fleet expansion, drive operational excellence, and strengthen our balance sheet for sustained, long-term growth." About Trishakti Industries Limited Trishakti Industries Limited, established in 1985, is one of India's premier infrastructure solutions providers, specializing in the hiring of heavy earth-moving equipment. With its diverse fleet of advanced machinery, the company supports large-scale projects across key sectors such as steel, cement, railways, construction, and more. Over nearly four decades, Trishakti Industries has built a robust reputation through successful partnerships with leading organizations, including Tata Steel, Larsen & Toubro, RVNL, ONGC, ITD Cementation, Jindal Group, Adani Group, KEC International, NCC Limited, and many others. By delivering reliable, timely, and efficient equipment solutions, the company has played a pivotal role in powering India's infrastructure development. Trishakti Industries is committed to operational excellence, safety, and client satisfaction, positioning itself as a trusted partner for some of the nation's most complex and high-profile projects. Continual investment in technology and innovation ensures that its clients benefit from access to cutting-edge and efficient machinery, making Trishakti Industries a leader in the field. Disclaimer This document contains forward-looking statements, which are not historical facts and are subject to risks and uncertainties such as government actions, local developments, and technological risks. The Company is not responsible for any actions taken based on these statements and does not commit to publicly updating them to reflect future events or circumstances.
Business Standard
18-07-2025
- Business
- Business Standard
Route Mobile dips as Q1 PAT slides 32% YoY to Rs 53 cr in FY26
Route Mobile fell 3.96% to Rs 969 after the company's consolidated net profit declined 32.23% to Rs 53.21 crore on a 4.77% drop in revenue from operation to Rs 1,050.83 crore in Q1 FY26 over Q1 FY25. Revenue growth was affected by a decline in international business and the ending of some low-margin customer contracts. Profit before tax (PBT) stood at Rs 76.57 crore in Q1 FY26, down 25.57% year-on-year and down 3.01% quarter-on-quarter. Total expenses fell 2.56% to Rs 985.23 crore in Q1 FY26 as against Rs 1,011.10 crore posted in the corresponding quarter of the previous year. Employee benefits expenses stood at Rs 68.59 crore (up 4.67% YoY), and finance costs stood at Rs 5.82 crore (down 36.25% YoY) during the quarter under review. Rajdipkumar Gupta, chief executive officer and managing director of Route Mobile, said, We are navigating a dynamic market environment, marked by continued softness in the A2P SMS segment. While revenue has declinedpartly due to the loss of low-margin business and customer shifts to alternate channelsgross margin performance has improved, leading to a stronger EBITDA margin over last quarter. This reflects our commitment to driving sustainable, quality-led growth with a strong focus on profitability. Encouragingly, we are seeing healthy traction across our non-SMS product lines, validating our diversification strategy. Our strategic initiatives include expansion of RCS-based solution revenues, deepening partnerships with global system integrators, expanding the footprint of our MNO firewall solutions, and shaping our approach to the telecom API opportunity. As we continue to execute with discipline and clarity in a rapidly evolving communication landscape, we remain confident in our ability to build a more resilient and value-accretive business. Meanwhile, the company announced that CEO Gautam Badalia stepped down on 17 July 2025. The Board has approved Rajdipkumar Guptas redesignation as Managing Director and CEO, effective 18 July 2025. Additionally, the companys board has recommended a first interim dividend of Rs 3 per equity share, which is 30%, pending shareholder approval. Route Mobile ("RML") is a cloud communications platform service provider, catering to enterprises, over-the-top (OTT) players, and mobile network operators (MNO). RML's portfolio comprises solutions in messaging, voice, email, SMS filtering, analytics, and monetization. RML has a diverse enterprise client base across a broad range of industries, including social media companies, banks and financial institutions, e-commerce entities, and travel aggregators. RML is headquartered in Mumbai, India, with a global presence in the Asia Pacific, the Middle East, Africa, Europe, and North America.
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Business Standard
18-07-2025
- Business
- Business Standard
Route Mobile share price falls over 4% on weak Q1; check key numbers here
Route Mobile share price: Route Mobile shares were under pressure on the last trading day of the week i.e. Friday, July 18, 2025, with the stock dropping as much as 4.35 per cent to an intraday low of ₹965.05 per share. Around 12:00 noon, Route Mobile share price was trading 3.84 per cent lower at ₹970.25. In comparison, BSE Sensex was trading 0.66 per cent lower at 81,712.98 levels. Why is Route Mobile share price under pressure today? Route Mobile share price dropped after the company posted a weak set of results in the June quarter of financial year 2026 (Q1FY26). The company reported a subdued performance in the first quarter of FY26, with its net profit declining 27.6 per cent year-on-year (Y-o-Y) to ₹58.8 crore, as compared to ₹81.2 crore in the same period last year (Q1FY25). Route Mobile's revenue also saw a dip of 4.8 per cent, coming in at ₹1,050.8 crore in Q1FY26 versus ₹1,103.4 crore in Q1FY25. At the operating front, the company's Ebitda fell 24 per cent Y-o-Y to ₹94 crore in the June quarter of FY26, from ₹123.7 crore in the June quarter of FY25. Ebitda margin contracted to 8.9 per cent in Q1FY26, from 11.2 per cent a year ago. Also, Gautam Badalia resigned as the chief executive officer (CEO), effective July 17, 2025 The board, meanwhile, approved re-designation of Rajdipkumar Gupta as the managing director and chief executive officer (MD and CEO), effective today, July 18, 2025 Rajdipkumar Gupta, CEO and managing director, Route Mobile, said, 'We are navigating a dynamic market environment, marked by continued softness in the A2P SMS segment. While revenue has declined – partly due to the loss of low margin business and customer shifts to alternate channels – gross margin performance has improved, leading to stronger Ebitda margin over last quarter. This reflects our commitment to driving sustainable, quality-led growth with a strong focus on profitability. Encouragingly, we are seeing healthy traction across our non-SMS product lines, validating our diversification strategy. Our strategic initiatives include expansion of RCS based solution revenues, deepening partnerships with global system integrators, expanding the footprint of our MNO firewall solutions, and shaping our approach to the telecom API opportunity.' 'As we continue to execute with discipline and clarity in a rapidly evolving communication landscape, we remain confident in our ability to build a more resilient and value-accretive business,' Gupta added. About Route Mobiles Established in 2004, Route Mobile Limited (RML) is a leading cloud communications platform service provider that serves enterprises, over-the-top (OTT) players, and mobile network operators (MNOs). Its comprehensive portfolio includes solutions for business messaging, voice, email, SMS filtering, analytics, and monetisation. The company caters to a wide range of industries, including social media, banking and financial services, e-commerce, and travel. Headquartered in Mumbai, the company has a strong global footprint across Asia Pacific, the Middle East, Africa, Europe, and the Americas. Route Mobile is now part of the Proximus Group, a digital services provider based in Belgium with operations in international markets.
Business Standard
08-05-2025
- Business
- Business Standard
Route Mobile rises after Q4 PAT jumps 9% YoY to Rs 26 cr
Route Mobile rallied 3.87% to Rs 997.20 after the company reported a 9.34% jump in standalone net profit to Rs 25.76 crore on a 12.41% rise in revenue from operations to Rs 208.38 crore in Q4 FY25 compared to Q4 FY24. On a consolidated basis, the companys net profit dropped 36.65% to Rs 60.28 crore on a 15.53% jump in revenue from operations to Rs 1,175 crore in Q4 FY25 over Q4 FY24. The company reported profit before exceptional items and tax of Rs 103.68 crore in Q4 FY25, compared to Rs 107.59 crore recorded in the same period a year ago. The firm reported exceptional loss items of Rs 24.73 crore during the quarter. On a full-year basis, the company's net profit declined 14.12% to Rs 333.93 crore on a 13.73% rise in revenue to Rs 4,575.62 crore in FY24 over FY23. Gautam Badalia, chief executive officer of Route Mobile, said, Im pleased to report strong revenue growth over the past year, driven by broad-based demand and continued client diversification. This resilience enables us to navigate sectoral and geographic headwinds with confidence. As we look ahead to FY26, we remain optimistic about further business expansion. He further added, While gross profit margins faced temporary pressure, our top-line performance validates the strength of our expansion strategy. We remain focused on expanding our market share and driving sustainable,g-term profitability through optimization initiatives. Meanwhile, the companys board has declared a dividend of Rs 2 per share for FY24-25. Route Mobile ("RML") is a cloud communications platform service provider, catering to enterprises, over-the-top (OTT) players, and mobile network operators (MNO). RML's portfolio comprises solutions in messaging, voice, email, SMS filtering, analytics, and monetization. RML has a diverse enterprise client base across a broad range of industries, including social media companies, banks and financial institutions, e-commerce entities, and travel aggregators. RML is headquartered in Mumbai, India, with a global presence in the Asia Pacific, the Middle East, Africa, Europe, and North America.
