OnMobile Reports Second Quarter Fiscal 2020 Results

Revenue up by 6.4% Q-o-Q, EBITDA up by 51.1%, PBT up by 131.5%

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Bengaluru, Karnataka, India, 1st November 2019: OnMobile Global Limited (“OnMobile”) today announced the results for 2nd Quarter FY20 ended September 30, 2019. Sustained focus on revenue growth, conversion of new contracts and tight control on expenses resulted in PBT growing from INR 3.1 crores in Q1 to INR 7.1 crores in Q2.

Q2 FY20 Highlights:

  • Q2 FY20 Gross Revenues (before amortization of contract acquisition cost) at INR

148.4 crores, grew 6.4% Q-o-Q

  • QoQ revenue growth in all major product lines

Tones + 4.6%

Video +13.1%

Games + 1.2%

  • Manpower cost down by 3.1% Q-o-Q due to reduction in headcount from 758 in Q1 to 734 in Q2
  • Continuous efforts in cost optimization yielding results – lower Other COGS and Opex Q-o-Q by 16.6% and 15.4% respectively
  • Q2 EBITDA up by 51.1% from INR 7.1 crores in Q1 to INR 10.7 crores in Q2
  • Operating profit up manifold from INR 0.4 crores in Q1 to INR 6.0 crores in Q2
  • Profit Before Tax more than doubled from 2.2% of revenue in Q1 to 4.9% of revenue in Q2
  • Cash balance of INR 234.4 crores
Revenue up by6.4% (Q-o-Q) EBITDA up by 51.1 % (Q-o-Q)EBITDA grew by10.1% (Y-o-Y) Tones Subscriber base up by 6.7% (Q-o-Q)

OnMobile Financial Table, click here.