India's Route Mobile jumps 10% on surge in quarterly profit

Route Mobile

28/10/2020 09:39

** Shares of mobile communication services provider
 ROUT.NS  rise as much as 10% to 912.60 rupees, their highest
since Sept. 29
    ** Mumbai-based co reports more than two-fold jump in
Sept-qtr profit, helped by strong performance in India and the
UK; revenue rose 77%  urn:newsml:reuters.com:*:nFWN2HJ0KP
    ** ROUT shares are up over 27% since listing on Sept. 21
    ** Co debuted on the stock market with a premium of 105%
over its issue price of 350 rupees
    

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 8061822737); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))