OnMobile Q1 revenues up 4.8%

Value added services provider OnMobile Global has recorded a 4.8% rise in its revenue at Rs 1,988 mn for the quarter ended June 30, FY15, over the same period last year.

However, the company posted a decline of 11.7% in revenues on a sequential basis. EBITDA was at Rs 156 mn at 7.9% margin.

Net profit stood at Rs 239 mn as against Rs 141 mn in the same quarter previous fiscal.

Domestic revenues declined 28.1% y-o-y and 27.8% q-o-q to Rs 463 mn. The sequential decrease was caused by one-time revenues in Q4 FY2014

International revenues witnessed an increase of 8.3% y-o-y majorly due to Europe and Asia businesses and were flat Q-o-Qat Rs 1,357 mn

Revenues from international business increased 21.7% Y-o-,Y, however declined 5.3% Q-o-Q to Rs 1,525 mn and constituted 77% of the revenues during Q1 FY2015