ONMOBILE
OnMobile Global financials
- Market cap
- ₹606 Cr
- Calls analysed
- 5
OnMobile Global Limited Q1 FY27
What went well
- ONMO+ launched successfully on June 26, with no activation issues and high user satisfaction, exceeding expectations.
- ONMO+ shows strong user engagement with 70 minutes per subscriber, 75% using more than five games, and 45% using more than ten games.
- Retention (D7 vs D30) for ONMO+ is 2.7 times the industry average, indicating strong product stickiness.
What to watch
- Overall revenue declined 3.8% QoQ to INR 124.1 crores.
- Mobile entertainment revenue declined 6.5% QoQ to INR 84.6 crores.
What OnMobile Global Limited does
OnMobile Global builds and operates value-added-service platforms that telecom operators deploy to their subscriber base: mobile subscription gaming (Challenges Arena, ONMO, The Gaming Platform), ringback-tone and video/infotainment entertainment (Tones, Videos & Infotainment), and telco messaging/customer-engagement tools (Buzzmo, Gamize). Revenue is earned through platform licensing, subscriptions, revenue-share and pay-per-use arrangements billed via the telecom operator's own billing rails. The company operates through a global network of subsidiaries and branch offices and is extending its gaming business into console/PC cloud gaming via a Virtual Console offering distributed through e-commerce, retail, ISPs and smart TVs in addition to mobile operators.
Segments
- Mobile Gaming
- Mobile Entertainment
- Enterprise Communication
- Gamize
- Virtual Console
- Countries of operation
- 69 (FY25)
- Telecom-operator customers
- 125 (FY25)
- Overseas subsidiaries / branch offices
- 31 subsidiaries + 13 branch offices across Asia-Pacific, Middle East & Africa, Europe, North & Latin America (FY25)
- Total subscriber base (monthly active)
- 70.33 Mn (FY25)
- Mobile gaming subscriber base (monthly active)
- 14.3 Mn (Q4 FY26)
- Gaming platform deployments
- 120 deployments across 54 countries (FY25)
Guidance record · Q1 FY27
what the last two calls moved 16 tracked 1 delivered 4 missed 11 open- Gaming Console Launch delivered said Q3 FY26 Promised: within the next quarter, you'll see we'll do a formal press release as we launch Q1 FY27: The console, now ONMO+, was successfully launched on June 26, 2026, within the delayed Q1 FY27 timeframe.
- Gaming Revenue Growth missed said Q4 FY25 Promised: we expect the growth this year to be around 50% for our gaming business. Q1 FY27: No new update. The target was for FY26 and was missed.
- Gaming Monthly Recurring Revenue (MRR) delayed said Q4 FY25 Promised: target to reach a run rate of INR 2 million in monthly recurring revenue in the next 12 to 18 months. Q1 FY27: Management reset the timeline, now targeting $2M MRR in the next 3-4 quarters.
All 16 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue down 1.6%, net profit down 281.3% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 129 | 164 | 156 | 125 | 128 −1% | 136 −17% | 128 −18% | 123 −2% |
| EBITDA | 1 | 10 | 1 | 6 | 8 +700% | 6 −40% | -42 −4300% | 1 −83% |
| Net profit | -12 | -5 | -8 | 16 | 6 +150% | 4 +180% | -37 −362% | -29 −281% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −13.1% 1Y
1Y: ₹54.08 on 10 Sept 2025 → ₹47. High ₹80.03 (3 Jul 2026), low ₹40.53 (30 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- −2.0%
- 12 Aug
- Q4 FY26
- −4.8%
- 19 May
- Q3 FY26
- −3.5%
- 6 Feb
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue fell 0.5% a year over 3 years, FY23 to FY26. Operating margin narrowed to -4.3%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹525 Cr | ₹514 Cr | ₹573 Cr | ₹517 Cr |
| Operating profit | ₹13 Cr | ₹22 Cr | ₹11 Cr | ₹-22 Cr |
| Operating margin | 2.4% | 4.3% | 1.9% | -4.3% |
| Interest | ₹0 Cr | ₹5 Cr | ₹7 Cr | ₹8 Cr |
| Depreciation | ₹10 Cr | ₹12 Cr | ₹32 Cr | ₹35 Cr |
| Net profit | ₹7 Cr | ₹16 Cr | ₹-40 Cr | ₹-11 Cr |
| Net margin | 1.3% | 3.1% | -7.0% | -2.1% |
| Cash from operations | ₹44 Cr | ₹38 Cr | ₹-24 Cr | ₹87 Cr |
| Free cash flow | ₹-43 Cr | ₹-38 Cr | ₹-46 Cr | ₹53 Cr |
| ROCE | 2.0% | 5.0% | -2.0% | 0.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹104 Cr | ₹106 Cr | ₹106 Cr | ₹106 Cr | ₹106 Cr | ₹106 Cr |
| Reserves | ₹522 Cr | ₹547 Cr | ₹549 Cr | ₹543 Cr | ₹548 Cr | ₹518 Cr |
| Borrowings | ₹15 Cr | ₹7 Cr | ₹13 Cr | ₹17 Cr | ₹80 Cr | ₹77 Cr |
| Other liabilities | ₹265 Cr | ₹250 Cr | ₹238 Cr | ₹218 Cr | ₹248 Cr | ₹278 Cr |
| Total liabilities | ₹906 Cr | ₹910 Cr | ₹906 Cr | ₹885 Cr | ₹982 Cr | ₹980 Cr |
| Fixed assets | ₹100 Cr | ₹102 Cr | ₹100 Cr | ₹300 Cr | ₹298 Cr | ₹303 Cr |
| Capital work in progress | ₹20 Cr | ₹71 Cr | ₹146 Cr | ₹1 Cr | ₹1 Cr | ₹0 Cr |
| Investments | ₹141 Cr | ₹95 Cr | ₹67 Cr | ₹68 Cr | ₹68 Cr | ₹67 Cr |
| Other assets | ₹646 Cr | ₹642 Cr | ₹593 Cr | ₹515 Cr | ₹615 Cr | ₹609 Cr |
| Total assets | ₹906 Cr | ₹910 Cr | ₹906 Cr | ₹885 Cr | ₹982 Cr | ₹980 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, FIIs trimmed −0.18 pp while the public added +0.17 pp. The shareholder count shrank 13% to 77,971.
- Promoters
- 47.9%
- FIIs
- 0.1%
- Public
- 52.0%
Since Jun 2025
- FIIs −0.18 pp
- Public +0.17 pp
- Promoters 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 48.0%, FIIs 0.6%, Public 51.5%.Dec '23: Promoters 47.9%, FIIs 0.4%, DIIs 0.0%, Public 51.6%.Mar '24: Promoters 47.9%, FIIs 1.1%, Public 50.9%.Jun '24: Promoters 47.9%, FIIs 0.4%, Public 51.8%.Sep '24: Promoters 47.9%, FIIs 0.3%, Public 51.9%.Dec '24: Promoters 47.9%, FIIs 0.3%, Public 51.8%.Mar '25: Promoters 47.9%, FIIs 0.2%, Public 51.9%.Jun '25: Promoters 47.9%, FIIs 0.2%, Public 51.9%.Sep '25: Promoters 47.9%, FIIs 1.9%, Public 50.3%.Dec '25: Promoters 47.9%, FIIs 0.9%, Public 51.2%.Mar '26: Promoters 47.9%, FIIs 0.2%, Public 51.9%.Jun '26: Promoters 47.9%, FIIs 0.1%, Public 52.0%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Ctl Trusteeship Limited newly disclosed 1.18% held
- Ajay Upadhyaya +0.38 pp 3.01% held
The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of OnMobile Global Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| On Mobile Systems Inc | 47.90% | unchanged |
| Ajay Upadhyaya | 3.01% | +0.38 pp |
| Ctl Trusteeship Limited | 1.18% | newly disclosed |
| Barclays Wealth Trustees India Private Limited | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
All earnings calls (5)
Read the Q1 FY27 call →Learn to analyse OnMobile Global Limited
Guides on how to read this kind of business and the numbers that matter.