Update: OnMobile's search for a CEO has ended... Mouli Raman, currently MD of the company, has also been appointed its CEO. More details in the concall here. Earlier today: OnMobile Global has reported consolidated profits of Rs 20.62 crore for the quarter ended 31st December 2012 (Q3-FY13), up 16.02% up year on year, and over thrice the profit reported last quarter. The company posted a topline of Rs 176.16 crore, up from Rs 179.8 crore last quarter, and from Rs 168.83 crore reported for the same fiscal last year. Revenues were up 4.34% year on year, but down 2% quarter on quarter. EBITDA increased by 11.2% y-o-y and 25.7% q-o-q to Rs 43.7 crore at 24.8% margin. Operating expenses during the quarter were impacted by Rs 4.2 crore foreign exchange translation gain as a result of restatement of subsidiary financials during consolidation. Some major announcements by the company: India Revenues Decline 27.8% OnMobile has reported a decline in India revenues by 27.8% year on year for the quarter, and 15% quarter on quarter. India revenues contributed 36% of Q3-FY13, compared to 41% in Q2-FY13. Why has this happened? There's an indication in its content costs: OnMobile's content costs declined 7.17% year on year and 23.75% quarter on quarter, which points towards a reduction in the utiliziation of Caller Ringback Tones. Remember that telecom operators have begun implementing TRAI's Mobile VAS guidelines, and its impact is apparent. However, note that the full force of the changes will only be felt in the next…
