OnMobile Global Limited (OnMobile) has announced the financial results for first quarter of FY22 ended June 30, 2021. The company’s PAT reflected a growth of 9.8 per cent QoQ and 35.8 per cent YoY with 12.7 per cent margin. Further, the company’s continuing efforts on cost rationalisation efforts also helped in retaining double digit EBITDA margin of 11.3 per cent.
Financial Highlights:
- QoQ revenue remained stable
- OnMobile’s cost rationalisation efforts are continuing and have yielded savings with a reduction of 11.8 per cent QoQ and 11.6 per cent YoY in manpower costs.
- Other Opex cost declined by 22.3 per cent 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.
- EBITDA stood at Rs 145 million and continues to remain in double digits with a margin of 11.3 per cent for the quarter.
- The company incurred operating profits of Rs 119 million at 9.2 per cent margin.
- PBT grew by 12.5 per cent QoQ and 16.3 per cent YoY to Rs 224 million including an exceptional gain of Rs 73 million this quarter.
- PAT grew by 9.8 per cent QoQ and 35.8 per cent YoY to Rs 164 million
- DSO improved to 122 days in Q1FY22 vs 137 days in Q1FY21.
