OnMobile Global Q3 PAT shows over 3 times sequential growth at Rs8.7cr

9 Feb 2022 , 09:56 AM

OnMobile Global Limited, the global leader in mobile entertainment, on Tuesday announced the financial results for third quarter of FY22 ended December 31, 2021. The company’s Profit After Tax (PAT) in Q3FY22 grew over 3 times qoq to Rs8.7cr from 2.66cr with a margin of 6.5% during the quarter. However, there was a decline of 23% yoy from Rs11.3cr in Q3FY21.

Revenue also grew sequentially by 2% qoq to Rs133cr in Q3FY22 from Rs130cr in Q2FY22. Revenue declined from Rs139.8cr in Q3FY21. EBITDA at Rs13.4cr with a margin of 10.1% for the quarter witnessing a growth of almost 2 times qoq basis.

At around 9.58 am, OnMobile Global Ltd was trading at Rs153 per share down by Rs1.55 or 1% from its previous closing of Rs154.55 per share on the BSE. 

The scrip opened at Rs153.50 and has touched a high and low of Rs159.50 and Rs151.40 respectively.
Highlights:

• Challenges Arena: Now live with 8 Operators cumulative in Q3FY22 as compared to 5 in Q2FY22
• Challenges Arena: 3.1 Mn cumulative gross additions of subscribers by January 2022
• Challenges Arena: Revenue doubled every quarter for the last 3 quarters
• ONMO: Launched real money gaming battles and tournaments
• ONMO: Launched on Chingari short video app
• ONMO B2B: partnered and launched with Dialog Sri Lanka
• Savings of 7.9% in manpower costs yoy
• Marketing cost grew by 14.3% qoq and 33.8% yoy primarily due to our increased investments in digital space