ONMOBILE GLOBAL Announces Quarterly Results (1QFY20); Net Profit Up 596.8%

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ONMOBILE GLOBAL Announces Quarterly Results (1QFY20); Net Profit Up 596.8%
Mon, 5 Aug

ONMOBILE GLOBAL has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

ONMOBILE GLOBAL Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m1,5071,4331,395-2.7%-7.4%
Other incomeRs m55273945.0%-28.7%
TurnoverRs m1,5621,4601,434-1.8%-8.2%
ExpensesRs m1,4291,3561,332-1.8%-6.8%
Gross profitRs m787763-17.9%-19.4%
DepreciationRs m99586715.6%-32.0%
InterestRs m0040.0%900.0%
Profit before taxRs m344531-32.2%-8.3%
TaxRs m31239-60.2%-69.8%
Profit after taxRs m32222-3.1%596.8%
Gross profit margin%5.25.34.5
Effective tax rate%90.850.929.9
Net profit margin%0.21.51.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 7.4% on a year-on-year (YoY) basis. The expenses were down by 6.8% YoY during the same period.
  • The company's operating profit declined by 19.4% YoY during the quarter. Consequently, operating profit margins remained same and stood at 4.5% in 1QFY20.
  • Depreciation charges declined by 32.0% and finance costs increased by 900.0% YoY, respectively.
  • Other income declined by 28.7% YoY during the quarter.
  • Net profit for the quarter increased by 596.8% YoY. Net profit margins during the quarter increased from 0.2% in 1QFY19 to 1.5% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 2.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.8% QoQ during the same period.
  • The company's operating profit declined by 17.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.5% in 1QFY20 as against 5.3% in 4QFY19.
  • Net profit for the quarter declined by 3.1% QoQ, while net profit margins declined from 1.5% in 4QFY19 to 1.5% in 1QFY20.

To see how ONMOBILE GLOBAL has performed over the last eight quarters,please visit here.

ONMOBILE GLOBAL Share Price Performance

Over the last one year,ONMOBILE GLOBAL share price has moved down from Rs 42.5 to Rs 29.9, registering a Loss of Rs 12.6 or around 29.7%.

Meanwhile, the S&P BSE IT Index is trading at Rs 15,641.7 (up 0.7%). Over the last one year it has moved up from 14,604.4 to 15,641.7, a gain of 1,037 points (up 7.1%).

Overall, the S&P BSE SENSEX is down 1.3% over the year.

Current Valuations

At the current price of Rs 29.9, the price to earnings (P/E) ratio of ONMOBILE GLOBAL stands at 16.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.6 times.

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For the quarter ended September 2019, ONMOBILE GLOBAL has posted a net profit of Rs 10 m (down 94.6% YoY). Sales on the other hand came in at Rs 1 bn (down 2.5% YoY). Read on for a complete analysis of ONMOBILE GLOBAL's quarterly results.

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Feb 20, 2020 01:59 PM

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