Conference Call with OnMobile Global Management and Analysts on Q3FY25 Performance and Outlook. Listen to the full earnings transcript.
Conference Call with OnMobile Global Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.
Conference Call with OnMobile Global Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.
Telecom services company OnMobile Global announced Q3FY24 & 9MFY24 results: Financial Highlights for Q3FY24: Q3FY24 revenue at Rs 1,222 million, down 10.3% QoQ due to reconciliation adjustments with customers recognized last quarter. Q3FY24 international revenue is 92% of total revenue. During the quarter, opex cost reduced by 8.6% to Rs 114 million. Mobile gaming: 14 operators went live in Q3 FY24. Financial Highlights for 9MFY24: 9MFY24 Gross profit margin stood at 53.2% vs 52.3% YoY. 9MFY24 EBITDA at Rs 248 million vs Rs 107 million in 9MFY23, 2.3x YoY; Operating profit is over 5x YoY. 9MFY24 PAT at Rs 160 million, with a margin of 4.1%. Mobile gaming revenue increased by 38.8% YoY to Rs 604 million during 9MFY24. Mobile gaming: 89 operators went live in 9MFY24. Commenting on the results, V.S. Ganesh, Managing Director, Page Industries said, “This quarter’s topline & profitability got jolted by delayed launches and one-off billings done in the last quarter with some customers. Our gaming business, saw growth with an increase of 38.8% YoY during 9MFY24.” Commenting on the results, Radhika Venugopal, VP Finance, said, “For 9MFY24, despite the decline in top-line, EBITDA and Operating profit saw a growth of 2.3x and over 5x on YoY basis respectively. We are witnessing a steady increase in the number of active subscribers for our Gaming Business, which will help us improve revenue & profitability in the coming quarters.” Result PDF
Conference Call with OnMobile Global Ltd. Management and Analysts on Q1FY24 Performance and Outlook. Listen to the full earnings transcript.
Other Telecom Services company OnMobile Global announced Q1FY24 results: PAT increased to Rs 98 million with a margin of 7.2% EBITDA at Rs 123 million with a margin of 9% for Q1FY24 Q1FY24 revenues at Rs 1,396 million, marginally up by 3.8% QoQ. Gross profit stood at Rs 771 million, a growth of 10% on YoY basis Challenges Arena: Revenue increased by 2x on a YoY basis and grew 22x over the last 9 quarters Challenges Arena: 73 cumulative customer confirmations and 54 customers live as on Q1FY24 Challenges Arena: 21.34 million gross subscribers as on Q1FY24 ONMO B2B: 25 Customers confirmed (10 live). Revenue grew 18% on QoQ basis In Q1FY24 manpower cost decreased by 13.3% QoQ Commenting on Q1FY24 results, Sanjay Baweja, MD & Global CEO, OnMobile, said, “The quarterly revenue performance has been better than last few quarters, and we are focused to scale it further, for rest of the year. The revenue uptick for ONMO has been encouraging, and it will continue to improve over the upcoming quarters. OnMobile continues to stay focused on profitability, targeting even better results in H2FY24. We are determined to achieve the objective of creating cutting-edge mobile gaming solutions through our focused execution and continuous efforts to digitize our core B2B business.” Asheesh Chatterjee, Global Group CFO, said, “Gross revenue saw a modest sequential growth of 3.8%, which is a good start for the FY24. We achieved a significant quarterly growth in EBITDA through cost optimization efforts. Further, our PAT stood at Rs 98 million, which shows a healthy sign for the upcoming quarters.” Result PDF