ONMOBILE GLOBAL Announces Quarterly Results (2QFY20); Net Profit Down 94.6%

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ONMOBILE GLOBAL Announces Quarterly Results (2QFY20); Net Profit Down 94.6%
Tue, 5 Nov

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

ONMOBILE GLOBAL Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m1,4741,3951,4383.1%-2.5%
Other incomeRs m2203924-39.2%-89.1%
TurnoverRs m1,6941,4341,4621.9%-13.7%
ExpensesRs m1,3991,3321,3400.6%-4.2%
Gross profitRs m76639754.8%28.3%
DepreciationRs m566747-30.0%-15.0%
InterestRs m043-22.5%0.0%
Profit before taxRs m2403171130.5%-70.4%
TaxRs m48961559.8%25.4%
Profit after taxRs m1922210-52.3%-94.6%
Gross profit margin%5.14.56.8
Effective tax rate%20.229.985.5
Net profit margin%11.31.50.7
* 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 2.5% on a year-on-year (YoY) basis. The expenses were down by 4.2% YoY during the same period.
  • The company's operating profit increased by 28.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 6.8% in 2QFY20 as against 5.1% in 2QFY19.
  • Depreciation charges declined by 15.0% and finance costs increased by 0.0% YoY, respectively.
  • Other income declined by 89.1% YoY during the quarter.
  • Net profit for the quarter declined by 94.6% YoY. Net profit margins during the quarter declined from 11.3% in 2QFY19 to 0.7% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 3.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.6% QoQ during the same period.
  • The company's operating profit increased by 54.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 6.8% in 2QFY20 as against 4.5% in 1QFY19.
  • Net profit for the quarter declined by 52.3% QoQ, while net profit margins declined from 1.5% in 1QFY19 to 0.7% in 2QFY20.

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

Learn: How to Potentially Accumulate Rs 7 Crore in Wealth Over the Long-term

ONMOBILE GLOBAL Share Price Performance

Over the last one year,ONMOBILE GLOBAL share price has moved down from Rs 35.1 to Rs 35.0, registering a Loss of Rs 0.1 or around 0.3%.

Meanwhile, the S&P BSE IT Index is trading at Rs 15,316.4 (down 0.7%). Over the last one year it has moved up from 14,088.2 to 15,316.4, a gain of 1,228 points (up 8.7%).

Overall, the S&P BSE SENSEX is up 15.4% over the year.

Current Valuations

At the current price of Rs 35.0, the price to earnings (P/E) ratio of ONMOBILE GLOBAL stands at 153.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.7 times.

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

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For the quarter ended June 2019, ONMOBILE GLOBAL has posted a net profit of Rs 22 m (up 596.8% YoY). Sales on the other hand came in at Rs 1 bn (down 7.4% YoY). Read on for a complete analysis of ONMOBILE GLOBAL's quarterly results.

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