wordpress blog stats
Connect with us

Hi, what are you looking for?

Updated: OnMobile Q1-FY14: Profits Up 47.7% At Rs 14.06 Cr; Rs 189.7 Cr Revenue

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…

Please subscribe/login to read the full story.
Written By

Free Reads

News

Vaishnaw's remarks come a day after Google removed apps belonging to Matrimony.com, Info Edge (Naukri and 99 Acres), Shaadi.com, Altt, Truly Madly, Stage, Quack...

News

Paytm has started distancing itself from PPBL in light of the current negative spotlight on PPBL.

News

The move can be seen as an attempt by Paytm to distance itself from the troubled Paytm Payments Bank, which has been significantly restricted...

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ