Conference Call with OnMobile Global Management and Analysts on Q2FY22 Performance and Outlook. Listen to the full earnings transcript.
Highlights: ONMO D2C Cash beta launched on 3rd November'21 across permissible states in India ONMO’s first B2B 5G Telco launched on 5th November'21 Challenges Arena: Now live with 5 Operators cumulative in Q2 FY22 as compared to 1 in Q1 FY22 Challenges Arena gross additions of 766K subscribers in Q2 FY22 vs 561K in Q1 FY22 Completed 100% acquisition of Rob0 stake. This investment is one of the major steps towards the creation of ONMO. Chingari Investment of USD 1.4 Mn at a valuation of 2 times our initial investment Revenue growth of 1.2% QoQ at INR 137 crore. Our cost rationalization efforts are continuing and have yielded savings with a reduction of 11.5% YoY in manpower costs. However, it grew by 8.6% QoQ mainly due to onetime severance pay of INR 3.0 crore. EBITDA at INR 9.0 crore with a margin of 6.9% for the quarter. The decline in EBITDA was due to increase in severance cost of INR 3.0 crore and Opex cost in the quarter. Normalized EBITDA was at INR 14.8 crore at 11.4% Margin Operating Profits of INR 6.3 crore with a margin of 4.8%. Normalized Operating Profit is INR 12.1 crore at 9.3% Margin. Result PDF