Q4 2024 Onmobile Global Ltd Earnings Call Transcript
Key Points
- Gaming business grew by 12% in the last quarter, with a 26% increase in net active subscribers.
- Signed up 150 operators in the last two years, with over 100 operators live.
- Gross profit margin stood at 53% on a full-year basis.
- Manpower costs were down by 19.2%, driving efficiency and productivity.
- EBITDA for the year doubled to INR28.3 crores, with EBITDA margins improving to 5.5% from 2.4% last year.
- Overall revenue declined by 0.7% on a full-year basis, mainly due to Vodafone Idea revenue loss.
- Marketing costs grew by 14.9%, primarily due to investments in non-gaming products.
- Net loss of INR70 lakhs this quarter, compared to a loss of INR2.4 crores in the previous quarter.
- Exceptional ForEx loss of INR7.7 crores due to currency devaluation in Nigeria and Egypt.
- Only 35 out of 100 deployed accounts are optimized for marketing, leading to higher costs and inefficiencies.
Ladies and gentlemen good day and welcome to the Onmobile Global Limited Q4 FY24 earnings conference call. (Operator instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Prateek Jhukta from ENY. Thank you, and over to you Mr. Prateek.
Thank you Manuja. Good day and welcome to the Q4 FY24 earnings call of Onmobile Global Limited. Representing the management today, we have FC, Executive Chairman, MD and Global CEO; Radhika Venugopal, Global CFO. The call will start with a brief update about the overall performance during the quarter, business activity and future plans by FC, Radhika will update on financials and then we will open the floor for Q&A session.
I would like to remind you that some of the statements made in today's call may be forward looking in nature and may involve risks and uncertainties that we see. For such lift and considerations, please refer to the earnings presentation. Onmobile Global undertakes no obligation to publicly revise and the
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