OnMobile Q1 PAT rises 9.8% sequentially, EBITDA up 11.3% yoy on cost rationalization efforts

Revenue remains stable qoq at Rs128.77cr from Rs130.70cr in Q4FY21. But it declined substantially compared to Rs140.84cr in Q1FY21.

Aug 09, 2021 03:08 IST India Infoline News Service

OnMobile
OnMobile Global Limited on Friday announced the financial results for the first quarter of FY22 ended June 30, 2021. The company’s PAT reflected a growth of 9.8% qoq & 35.8% yoy with a 12.7% margin and our continuing efforts on cost rationalization efforts also helped in retaining double-digit EBITDA  at Rs14.5cr, a Margin of 11.3%.

Revenue remains stable qoq at Rs128.77cr from Rs130.70cr in Q4FY21. But it declined substantially compared to Rs140.84cr in Q1FY21.

“Our cost rationalization efforts are continuing and have yielded savings with a reduction of 11.8% qoq and 11.6% yoy in manpower costs. Other Opex cost declined by 22.3% yoy; however the last quarter numbers were lower due to one time reversal of accumulated lease rentals on account of giving up of rented space,” company said in a filing on Friday.

OnMobile Global Ltd ended at Rs133 per piece down by Rs4.7 or 3.41% from its previous closing of Rs137.70 per piece on the BSE.

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