Robust performance in Europe; positive trend in international business; overall strong sequential growth
Bangalore, India - 05 February, 2015: OnMobile Global Limited (“OnMobile”) today announced the results for Third Quarter FY2015 ended December 31, 2014. The revenues for the fiscal quarter increased by 9.3% q-o-q and 0.6% y-o-y. EBITDA increased significantly by 67.4% q-o-q to Rs. 465 million at 20.5% margin (increased by 711 bps compared to Q2 FY2015). Net cash position as on 31st Dec 2014 is INR 2,209 million.
Mr. Rajiv Pancholy, CEO & MD, OnMobile Global said, “We are pleased with our third quarter results, which clearly demonstrates our resolve to grow OnMobile to the next tier. I want to congratulate and thank all the employees and stakeholders of OnMobile, who have worked tirelessly and tenaciously to achieve this important milestone.”
“We have progressed tremendously this quarter and achieved positive operating profit. This turnaround was accomplished through solid revenue growth and aggressive emphasis on cost management.” said Mr. Praveen Kumar, CFO, OnMobile Global.
India (23% of total revenues):
International business (77% of total revenues):
Other Emerging markets:
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