OnMobile today announced the results of its third quarter, fiscal year 2011, ending December 31, 2010. Revenue for the quarter was Rs 1,486 million, a 29 per cent increase versus the comparable period a year ago.
Financial Highlights
- Revenues were up 13 per cent sequential quarter on quarter
- Year to date December revenues were up 22 per cent over year to date last year.
- International revenue contribution to total revenues rose from 23 per cent in the last quarter to 31 per cent in the current quarter
- Overall gross margin remained stable at around 73 per cent.
- Core business gross margins also stable at around 73 per cent.
- Overall operating profit margin improved from 11.4 per cent to 11.8 per cent this quarter
- Core business operating profit margin improved from 23.8 per cent to 25 per cent this quarter
Financial Highlights (third quarter fiscal 2011 as compared to third quarter fiscal 2010)
- Revenue increased 29 per cent from Rs 1,155 million to Rs, 1,486 million
- EBITDA increased 46 per cent from Rs 231 million to Rs. 336 million
- Operating margin increased 49 per cent from Rs 118 million to Rs 175 million
- Net profit increased 59 per cent from Rs 132 million to Rs 209 million
- Earnings per share increased 58 per cent from Rs 2.21 to Rs 3.48
Arvind Rao, chairman, CEO and managing director, OnMobile, said, ?The third quarter results highlight steady growth achieved through our continued success in the international markets – in particular, deployment of our large Telefonica Latin America project. Global expansion is a very strong focus area for OnMobile in addition to servicing our India market franchise.?
