OnMobile Global reported consolidated profits of Rs 14.06 crore for the quarter ended June 30, 2012 (Q1-FY14), up 47.7% from Rs 9.52 crore profit in the same quarter last year and up 30.2% from Rs 10.8 crore sequentially. The growth includes a forex gain of Rs 9.9 crore, sans which, the profit for the quarter would have actually declined 17%, as compared with Q1 last year. The company posted a total revenue of Rs 189.7 crore for the quarter, registering a marginal 2.4% growth from Rs 185.21 crore revenues in the same quarter last year and a 3% growth from Rs 184.1 crore in the previous quarter. EBITDA increased 44.4% to Rs 51.8 crore at 27.3% margin, but normalised for Forex gain, EBITDA increased 14.2% to Rs 41.9 crore at 22.1% margin. The domestic business declined 20.1% to Rs 64.4 crore, largely due to the impact of the TRAI regulations, and contributed only 34% of net revenue in Q1, as opposed to 43.5% last year. Quarter on quarter, India revenues declined 3.5% quarter on quarter. International business (Update) The International business grew by 19.8% t Rs 125.3 crore and contributed 66% of net revenue during the quarter, versus 56.5% in Q1 FY2013. The Latin American business grew 49.5%. African and European businesses also recorded robust growth of 28.2% and 12.5%, respectively. Last week, OnMobile had also inked a 22 country ringback tone deal with MTN last week, which it says will $80-120 million over five years. As part of this deal, the company will…
