Revenue remains stable QoQ and grew by 5.3% YoY, EBITDA up by 64.7% QoQ and 4 times YoY, PBT up by 5 times YoY

New Delhi, August 12, 2020: OnMobile Global Limited (“OnMobile”) today announced the results for 1st Quarter FY21 ended June 30, 2020. Cost optimization and lower spend resulted in Earnings Before Interest, Tax and Depreciation (EBITDA) growing from INR 12.0 crores in Q4 to INR 19.8 crores in Q1, witnessing a growth of 64.7% QoQ and 4 times YoY. 

Q1 FY21 Highlights:

·         Acquired 25% equity stake in AI powered visual retention leader Rob0. This investment reaffirms the importance of OnMobile’s strategy to become a leader in mobile gaming market.

·         Revenue remains stable QoQ and grew by 5.3% YoY, despite Covid-19 outbreak impacting global economy.

·         Our rationalization efforts continue to yield savings with a 6.3% reduction QoQ in manpower costs with an exit headcount of 697.

·         EBITDA grew by 64.7% QoQ and 4 times YoY, to INR 19.8 crores with the margin of 14.0% in the quarter aided by cost optimization and lower spend.

·         PBT at INR 19.3 crores for Q1FY21 as compared to INR 23.5 crores in Q4FY20. Excluding one-time exceptional items during last quarter of INR 8.2 crores, PBT grew by 26.2% on QoQ basis. Also, PBT grew over 5 times on YoY basis.

·         DSO reduced to 137 days in Q1FY21 from 144 days in Q4FY20.

·         Cash stood at INR 265.9 crores. This is after Rob0 investment of INR 5.42 crores and Buyback of INR 6.52 crores.

Consolidated Financial Press Release: 

Amount in Rs Lakhs except data per share

Quarter ended Year ended
Sl. No Particulars June  30, 2020

(Unaudited)

 March 31, 2020

(refer note 8)

 June  30, 2019

(Unaudited)

 March 31, 2020

(Audited)
 

1

  

Revenue from Operations
Telecom Value added Services** 14,084 14,602 13,947 57,242
Other income (net) 318 744 393 1,717
Total income 14,402 15,346 14,340 58,959
2 Expenses
(a) Content fee and royalty 6,596 6,971 5,817 25,473
(b) Contest expenses 110 138 197 630
(c) Cost of software licenses and others 303 378 492 1,733
(d) Employee benefits expense 3,394 3,622 4,348 16,165
(e) Finance costs 30 33 40 147
(f) Depreciation and amortisation expenses 337 351 674 1,852
(g) Other expenses 1,705 2,326 2,464 9,432
Total expenses 12,475 13,819 14,032 55,432
 

3

  

Profit before share of loss of associates, exceptional items and

  

1,927

  

1,527

  

308

  

3,527
tax(1 – 2)
4 Share of loss of associates* – – – –
5 Profit before tax and exceptional items (3+4) 1,927 1,527 308 3,527
6 Exceptional items – net (refer note 5) – 820 – 820
7 Profit before tax (5+6) 1,927 2,347 308 4,347
8 Tax expense
(a) Current tax 629 1,392 245 2,451
(b) Deferred tax 89 (833) (153) (862)
Total tax 718 559 92 1,589
9 Profit for the period / year (7-8) 1,209 1,788 216 2,758
10 Other comprehensive income
A. (i) Items that will not be reclassified to profit or loss (49) 5 (12) (124)
(ii) Income tax relating to items that will not be reclassified to 14 0 4 4
profit or loss
B. (i) Items that will be reclassified to profit or loss (23) 858 18 1,583
(ii) Income tax relating to items that will be reclassified to – – – –
profit or loss
Other comprehensive income (58) 863 10 1,463
11  

Total comprehensive income for the period/ year (9+10)

  

1,151

  

2,651

  

226

  

4,221
12 Paid up equity share capital (Face value of Rs 10/- each) 10,354 10,570 10,570 10,570
13 Other equity 48,435
14 Earnings per share (of Rs. 10 each) (not annualised except for year
ended March 31, 2020)
(a) Basic 1.16 1.69 0.20 2.61
(b) Diluted 1.16 1.69 0.20 2.61

 *Amount less than Rs. 1 lakh

** Revenues net of Customer acquisition cost as per the contract

Corporate Comm India (CCI Newswire)

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