OnMobile Global Ltd. — Earnings Release 2020

Feb 6, 2020

ON MOBILE GLOBAL LIMITED Tower #1, 94/1 C & 94/2, Veerasandra Village, Attibele Hobli, Anekal Taluk, Electronic City Phase-1, Bangalore - 5601 00, Karnataka, India

P: +91 80 4009 6000 \ F: +91 80 4009 6009 CIN - L64202KA2000PLC027860 Email - investors@onmobile.com

www.onmobile.com

February 06, 2020

To, The Secretary BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Fort Mumbai-400 001 BSE Symbol: 532944

The Secretary National Stock Exchange of India Limited Sandra Kurla Complex Sandra East Mumbai - 400 051 NSE Symbol : ONMOBILE

Dear Sir/ Madam,

Sub: Intimation of Press Release

This is to inform you that OnMobile Global Limited is issuing a press release titled "OnMobile Reports Third Quarter Fiscal 2020 Results", a copy of which is enclosed herewith.

Requesting you to please take the same on record.

Thanking you,

Yours Sincerely, For OnMobile Global Limited

P. V. Varaprasad Company Secretary

Encl: as above

OnMobile Reports Third Quarter Fiscal 2020 Results

Gross Revenue grows by 0.3% QoQ, Operating profit up by 25.2%, PAT up manifold QoQ

Bengaluru, 6 th February, 2020: OnMobile Global Limited ("OnMobile") today announced the results for 3rd Quarter FY20 ended December 31, 2019. Sustained focus on new contract signings and tight control on expenses resulted in Profit Before Tax growing from INR 7.1 crores in Q2 to INR 9.8 crores in Q3 – a QoQ growth of 38.3%.

Q3 FY20 Highlights:

• Q3 FY20 Gross Revenue (before amortization of contract acquisition cost) at INR 148.8 crores, growing at 0.3% QoQ
• QoQ revenue growth in major product lines
  • o Contest + 19.4%
  • o Video + 4.8%
• Manpower cost down by 5.3% Q-o-Q due to reduction in headcount from 734 in Q2 to 702 in Q3. Cost reduction is despite salary increments from December '19
• Q3 EBITDA INR 11.1 crores grew QoQ by 3.3%
• Operating profit up by 25.2% from INR 6.0 crores in Q2 to INR 7.5 crores in Q3
• INR 36.9 crores of cash generated from operations
• Cash balance of INR 252.5 crores at the end of Q3, up from INR 234.4 crores at the end of Q2; despite payment of dividend of INR 15.9 crores.

Consolidated Financial Press Release:

		Quarter ended			Nine months ended		Year ended
Sl.	Particulars		December 31, September 30, December 31, December 31, December 31, March 31,
No		(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
	1 Revenue from Operations
	Telecom value added services	14,317	14,376	15,247	42,640	45,057	59,386
	Other income (net)	341	239	(117)	973	2,631	2,902
	Total income	14,658	14,615	15,130	43,613	47,688	62,288
	2 Expenses
	(a) Content fee and royalty	6,360	6,325	6,378	18,502	18,537	24,424
	(b) Contest expenses, cost of software licenses
	and others	583	575	660	1,847	2,036	2,772
	(c) Employee benefits expense	3,983	4,212	4,445	12,543	13,670	17,768
	(d) Finance costs	43	31	4	114	8	8
	(e) Depreciation and amortisation expenses	355	472	596	1,501	2,139	2,722
	(f) Other expenses	2,352	2,290	3,106	7,106	8,620	11,462
	Total expenses	13,676	13,905	15,189	41,613	45,010	59,156
	3 Profit/ (Loss) before tax (1-2)	982	710	(59)	2,000	2,678	3,132
	4 Tax expense
	(a) Current tax	417	397	353	1,059	1,488	2,261
	(b) Deferred tax	(86)	210	(131)	(29)	(477)	(1,019)
	Total tax	331	607	222	1,030	1,011	1,242
	5 Profit/ (Loss) for the period / year (3-4)	651	103	(281)	970	1,667	1,890
	6 Other comprehensive income
	A. (i) Items that will not be reclassified to	(33)	(84)	(61)	(129)	(35)	(63)
	profit or loss
	(ii) Income tax relating to items that will not	-	-	21	4	12	22
	be reclassified to profit or loss
	B. Items that will be reclassified to profit or	440	267	(1,338)	725	(869)	(1,227)
	loss
	Other comprehensive income	407	183	(1,378)	600	(892)	(1,268)
	7 Total comprehensive income for the period/
	year (5+6)		286			775	622
		1,058		(1,659)	1,570
	8 Paid up equity share capital (Face value of Rs	10,570	10,570	10,570	10,570	10,570	10,570
	9 Other equity						46,010
	10 Earnings per share (of Rs. 10 each) (not
	annualised except for year ended March 31,
	2019)
	(a) Basic	0.620.62	0.100.10	(0.27)	0.920.92	1.581.58	1.791.79
	(b) Diluted			(0.27)

About OnMobile:

OnMobile [NSE India: ONMOBILE] [BSE Ltd: 532944], is a global leader in mobile entertainment. Headquartered in Bangalore, India and with presence in many countries across the world, OnMobile offers a wide array of products such as Videos, Tunes, Games & Contests. Based on current deployments, OnMobile has over 100 million active subscribers and an addressable base of more than 1.68 billion mobile users across several geographies.

For further information, please visit www.onmobile.com

Media Contact:

pr@onmobile.com