OnMobile Reports Second Quarter Fiscal 2021 Results

Revenue at Rs 146 crore, EBITDA up by 43.4% YoY, PAT up by 7 times YoY

Bengaluru, 2nd November, 2020: OnMobile Global Limited (“OnMobile”) today announced the financial results for second quarter of FY21 ended September 30, 2020. Cost optimization resulted in Profit After Tax (PAT) growing from INR 1.0 crores in Q2FY20 to INR 7.8 crores in Q2FY21, witnessing more than 7 times growth YoY.

Q2 FY21 Highlights:

  • Revenues remains stable QoQ; YoY revenue reduction of 1.5% is from Africa & Middle East region
  • Gross margin remains stable at 52.2% as compared to 52.4% in Q1FY21
  • EBITDA excluding one time items in previous quarter grew by 12.5% QoQ
  • EBITDA, Operating Profits grew by 43.4% and 101.3% respectively on YoY basis. This is mainly due to cost optimization efforts
  • PAT at INR 78 Mn grew more than 7 times YoY basis
  • Cash stood at INR 2,323 Mn. This is after customer contract cost payment of INR 361 Mn and Buyback of INR 2.5 Mn during the quarter
  • For 6 months ended period Revenue grew by 2%. EBITDA, Operating Profit and PAT grew by 98%, 348% and 522% respectively over last year

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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