OnMobile Reports First Quarter Fiscal 2022 Results

Revenue at Rs 135 crore, EBITDA Margin at 11.3%, PAT up 35.8% YoY

Bengaluru, 6th August, 2021: OnMobile Global Limited (“OnMobile”) today announced the financial results for first quarter of FY22 ended June 30, 2021. Our PAT reflected a growth of 9.8% QoQ & 35.8% YoY with 12.7% margin and our continuing efforts on cost rationalization efforts also helped in retaining double digit EBITDA Margin of 11.3%.

Financial Highlights:

  • Revenue remains stable QoQ
  • Our cost rationalization efforts are continuing and have yielded savings with a reduction of 11.8% QoQ and 11.6% YoY in manpower costs
  • Other Opex cost declined by 22.3% YoY; however the last quarter numbers were lower due to one time reversal of accumulated lease rentals on account of giving up of rented space
  • EBITDA at INR 145 Mn and continues to remain in double digits with a margin of 11.3% for the quarter
  • Operating Profits of INR 119 Mn at 9.2% margin
  • PBT grew by 12.5% QoQ and 16.3% YoY to INR 224 Mn including an exceptional gain of INR 73 Mn this quarter
  • PAT grew by 9.8% QoQ and 35.8% YoY to INR 164 Mn
  • DSO improved to 122 days in Q1FY22 vs 137 days in Q1FY21

Consolidated Financial Press Release

About OnMobile

OnMobile [NSE India: ONMOBILE] [BSE Ltd: 532944], is a global leader in mobile entertainment. Headquartered in Bangalore, India and with presence in many countries across the world, OnMobile offers a wide array of products such as Videos, Tunes, Games & Contests. Based on current deployments, OnMobile has over 100 million active subscribers and an addressable base of more than 1.68 billion mobile users across several geographies. For further information, please visit www.onmobile.com

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pr@onmobile.com