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OnMobile FY12 Profit Down 6.8%, Domestic Revenue Down 9%; Declares Dividend

OnMobile Global reported consolidated profits of Rs 4.79 crore for the quarter ended 31st March 2012 (Q4-FY12), on revenues of 177.55 crore. Net profit declined 82.16% year on year even as revenues grew 33.18% year on year, but bear in mind that in Q4-FY11, OnMobile had received a bump up in income because it sold 9% in Ver Se for Rs 28.59 crore. Operating profit for the company was down 7% quarter on quarter, and 2% sequentially, while, according to the company, its Gross Margin was up by 30% Q0Q and 6% sequentially and EBITDA Margin was up by 33% QoQ and 5% sequentially. OnMobile's Board of Directors have recommended a dividend of Re 1 per fully paid up equity share of Rs 10 each, aggregating to Rs 13.37 crore, including dividend distribution tax. Full Year For the full year (i.e. trailing four quarters), OnMobile reported an operating income of Rs 638.01 crore, up from Rs 537.21 crore last fiscal, but net profit declined 6.8% to 83.09 crore, from Rs 89.2 crore reported the previous fiscal. The company attributes its operating profit decline to higher depreciation cost, and said that it has "been able to maintain EBITDA margins almost in line with our revenue growth, despite our continuing investments in geographical expansion like Latin America, North America and Africa. All these investments tend to have higher initial set up and operational costs prior to the revenue ramp-up." Domestic Vs International The company has said that international operations are off-setting its "sluggish domestic…

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Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

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