OnMobile Reports Fourth Quarter and Full Year Fiscal 2013 Results

FY2013 Net Revenue, EBITDA and Net Profit normalized for exceptional income and Forex loss increased by 14%, 13% and 12%, respectively

BANGALORE, India – May 15, 2013: OnMobile Global (“OnMobile”) today announced the results for the Fourth Quarter and Full Year FY2013, ended March 31, 2013. Revenue for Q4 FY2013 was Rs1,841 million, a 3.7% increase over Q4 FY2012. EBITDA and Net Profit normalized for exceptional income and Forex impact increased by 2.5% and 233.6% y-o-y, respectively. For the full year FY2013, Revenue increased 13.7% to Rs7,253 million. EBITDA and Net Profit normalized for exceptional income and Forex loss increased by 13.2% and 12.1%, respectively.

The Board of Directors of the Company has proposed a dividend of Rs. 1.5 per share or 15%, subject to shareholders’ approval.

Q4 FY2013 Highlights
  • India revenues witnessed stability with a 5.9% q-o-q increase to Rs667 million; declined 21.0% y-o-y
  • Robust growth in International business continues. International revenues increased by 26.1% y-o-y and 3.7% q-o-q to Rs1,174 million and contributed 64.8% of the Net Sales in Q4 FY2013
    • International revenue growth was primarily driven by LATAM, which recorded a strong growth of 65% y-o-y as a result of the Company’s investments over the last 3 years
    • African and European businesses also continued to grow strongly and recorded 39.8% and 39.7% increase respectively, over the last year
    • The Company won a contract with an operator in Mexico for RBT services
  • EBITDA declined 20.0% q-o-q and 15.3% y-o-y to Rs350 million at 19.0% margin
    • Manpower Cost declined for the second quarter in a row as a result of the rationalization measures initiated in the previous quarters
    • Rates and Taxes increased in Brazil due to a change in interpretation of tax policy and levy of repatriation tax, with retrospective effect from April 2012
    • EBITDA normalized for forex impact grew 9.5% q-o-q and 2.5% y-o-y
  • Net Profit decreased 47.6% q-o-q to Rs108 million at 5.9% margin; increased 125.4% y-o-y
    • Normalized for exceptional income in Q3 FY2013 and Forex impact, Net Profit increased by 51.0% q-o-q; increased by 233.6% y-o-y
  • Earnings per share was Rs0.95 as against Rs. 1.81 in Q3 FY2013 and Rs. 0.40 in Q4 FY2012
Full Year FY2013 Highlights
  • Net Revenue increased by 13.7% to Rs7,253 million
    • International revenues were Rs4,409 million, up 55.1% driven by strong performances in Latam (up 135.7%), Africa (up 105.3%) and Europe (up 48.4%)
    • India revenues were affected by financial and regulatory pressures in the Indian telecom industry and declined by 19.6% to Rs2,845 million, however witnessed stability in the last quarter
  • EBITDA increased by 6.8% to Rs1,494 million at 20.6% margin
    • Affected by increase in taxes in Brazil and forex loss of Rs118 million as compared to Rs24 million in FY2012
    • EBITDA normalized for forex loss grew 13.2%
  • Net Profit decreased by 43.2% to Rs472 million at 6.5% margin; normalized for exceptional income and Forex loss, Net Profit increased by 12.1%
  • Earnings per share stood at Rs4.13 as against Rs7.10 last year

About OnMobile

OnMobile [NSE India: ONMOBILE], headquartered in Bangalore, India, and with offices in all regions of the world, delivers millions of music plays daily to mobile customers worldwide. Based on current deployments, OnMobile has the potential to reach more than 1.1 billion mobile users across several geographies. For further information, please visit www.onmobile.com

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