Key Highlights of OnMobile Global's Q3FY22 results

OnMobile Global Limited ("OnMobile"), the global leader in mobile entertainment, has announced the financial results for third quarter of FY22 ended December 31, 2021.

Highlights:

• Challenges Arena: Now live with 8 Operators cumulative in Q3 FY'22 as compared to 5 in Q2 FY'22
• 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
• PAT grew over 3 times QoQ to INR 8.7 crore with a margin of 6.5% during the quarter
• Revenue grew by 1.9% QoQ to INR 139 crore
• 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
• EBITDA at INR 13.4 crore with a margin of 10.1% for the quarter witnessing a growth of almost 2 times QoQ basis

Shares of OnMobile Global Limited was last trading in BSE at Rs. 154.55 as compared to the previous close of Rs. 160.70. The total number of shares traded during the day was 220692 in over 2279 trades.

The stock hit an intraday high of Rs. 162.95 and intraday low of 151.00. The net turnover during the day was Rs. 34752018.00.

Source : Equity Bulls

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OnMobileGlobal INE809I01019 Q3FY22 KeyHighlights