Q1 2025 Onmobile Global Ltd Earnings Call Transcript
Key Points
- Gaming revenues increased by 22.9%, showing strong growth in this segment.
- Active gaming subscriber base grew by 13.6%, reaching 7.6 million.
- Cost optimization efforts led to a 15.9% reduction in OpEx and a 9.5% reduction in manpower costs.
- The company added 10 new deployments this quarter, bringing the total to 111 live deployments.
- Cash balance increased to INR68.8 crores from INR63.7 crores in the previous quarter.
- Overall revenue remained flat at INR126 crores compared to the last quarter.
- Gross profit margin decreased marginally by 1.9%, standing at 51.1%.
- EBITDA for the quarter was down sequentially, impacted by a charge-off amounting to INR5.6 crores.
- The company reported a net loss of INR15.3 crores for the quarter.
- Loss of a key customer (Vodafone) impacted revenue and growth metrics.
Ladies and gentlemen, good day, and welcome to the OnMobile Global Q1 FY25 earnings conference call. (Operator Instructions)
Please note that this conference is being recorded. I now hand the conference over to Mr. Pratik Jagtap, E&Y Investor Relations. Thank you, and over to you, sir.
Thank you, Dipika. Good evening, and welcome to the Q1 FY25 earnings call of OnMobile Global Limited. Representing the management today, we have FC, Executive Chairman and CEO; Radhika Venugopal, Global CFO; Bikram Sherawat, President and COO.
The call will start with a brief update about the overall performance during the quarter and business activity by FC, then Bikram will address the investors, Radhika will update on financials, and then we will open the floor for Q&A session. I would like to mention 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 a list of such considerations, please refer to the earnings
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