(by NT Balanarayan & Nikhil Pahwa) OnMobile Global reported consolidated profits of Rs 10 crore for the quarter ended September 30, 2013 (Q2-FY14), up 60.9% from Rs 6.2 crore in the corresponding quarter last year, and down 28.8% from Rs 14.1 crore from the last quarter. Note that these numbers exclude the revenues of Livewire, which Onmobile acquired a few months ago. India revenue declined 31.8% to Rs 50.6 crore from Rs 74.1 crore last year, and 21.5% from 64.4 crore last quarter. The company reported revenues of Rs 206.9 crore, which were up 15.1% from Rs 179.8 crore last year, and up 9.1% quarter on quarter. At Rs 206.9 crore, International revenues now account for 76% of Onmobile's total revenues, and Latin America alone, at Rs 55.6 crore (26.87% of total) is bigger than India revenues, and this is excluding Livewire (now OnMobile Live). Developed markets account for a bulk of the revenues at Rs 62.3 crore (30%), and other emerging markets account for Rs 38.4 crore. India revenues have been clearly impacted by the TRAI's double confirmation guidelines released in July this year. This also led to a 60% drop in VAS activations, but it appears that the impact on Onmobile hasn't been as much as it was on the rest of the industry. OnMobile had said during the previous earnings call that they were expecting a moderate impact due to these regulations. EBITDA increased 3.3% y-o-y, however declined by 14.3% q-o-q to Rs 359 million at 17.4% margin, on account of change in…
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