OnMobile Global Ltd reports QoQ increase in Q4FY21 consolidated PAT to Rs. 14.96 crore

OnMobile Global Ltd. has reported financial results for the period ended March 31, 2021.

Financial Results (Q4 FY20-21) - QoQ Comparison

The company has reported total income of Rs.133.98 crores during the period ended March 31, 2021 as compared to Rs.141.93 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.14.96 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.11.32 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.1.42 for the period ended March 31, 2021 as compared to Rs.1.09 for the period ended December 31, 2020.

Financials	Q4 FY20-21	Q3 FY20-21	% Change
Total Income	₹ 133.98 crs	₹ 141.93 crs	-5.6%
Net Profit	₹ 14.96 crs	₹ 11.32 crs	32.16%
EPS	₹ 1.42	₹ 1.09	30.28%

Financial Results (Q4 FY20-21) - YoY Comparison

The company has reported total income of Rs.133.98 crores during the period ended March 31, 2021 as compared to Rs.153.46 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.14.96 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.17.88 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.1.42 for the period ended March 31, 2021 as compared to Rs.1.69 for the period ended March 31, 2020.

Financials	Q4 FY20-21	Q4 FY19-20	% Change
Total Income	₹ 133.98 crs	₹ 153.46 crs	-12.69%
Net Profit	₹ 14.96 crs	₹ 17.88 crs	-16.33%
EPS	₹ 1.42	₹ 1.69	-15.98%

Financial Results (Year ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.561.36 crores during the 12 months period ended March 31, 2021 as compared to Rs.589.59 crores during the 12 months period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.45.98 crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.27.58 crores for the 12 months period ended March 31, 2020.

The company has reported EPS of Rs.4.41 for the 12 months period ended March 31, 2021 as compared to Rs.2.61 for the 12 months period ended March 31, 2020.

Financials	Year Ended FY20-21	Year Ended FY19-20	% Change
Total Income	₹ 561.36 crs	₹ 589.59 crs	-4.79%
Net Profit	₹ 45.98 crs	₹ 27.58 crs	66.72%
EPS	₹ 4.41	₹2.61	68.97%

Financial Highlights:

- For FY21, Revenue remains stable. EBITDA, Operating Profit, PAT and Cash Profit grew by 66.9%, 147.8%, 66.6% and 38.7% respectively over last year. With efforts into cost optimization all profitability margins grew more than 1.5 times this year.

- Revenues witnessed a drop of 6.2% QoQ mainly from Europe & MEA; and 9.7% YoY mainly from Europe due to covid.

- Our cost rationalization efforts continue to yield savings with a reduction of 4.1% QoQ and 6.1% YoY in manpower costs.

- Marketing cost lowered by 10.9% QoQ and 5.8% YoY this is result of optimum marketing investments.

- Other Opex cost declined by 6.8% QoQ and 48.3% YoY.

- EBITDA grew by 28.2% YoY to INR 154 Mn with the margin of 11.8% in the quarter mainly due to above mentioned cost savings.

- Operating Profits grew by almost 1.5 times YoY to INR 125 Mn with the margin of 9.6% during the quarter.

- PAT at INR 149 Mn grew by 31.9% with 11.4% margin during the quarter.

- DSO improved to 116 days in Q4FY21 vs 120 days in Q3FY21.

Shares of OnMobile Global Ltd. was last trading in BSE at Rs.128.5 as compared to the previous close of Rs. 125.6. The total number of shares traded during the day was 298890 in over 4858 trades.

The stock hit an intraday high of Rs. 134.45 and intraday low of 127.05. The net turnover during the day was Rs. 39080417.

Source : Equity Bulls

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