Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

OnMobile Global Ltd. Interim / Quarterly Report 2025

Nov 11, 2024

62296_rns_2024-11-11_cd8dc68b-e107-440b-b710-9f366c131f07.pdf

Interim / Quarterly Report

Open in viewer

Opens in your device viewer

ONMOBILE GLOBAL LIMITED Tower #1, 94/1 C & 94/2, Veerasandra Village, Attibele Hobli, Anekal Taluk, Electronic City Phase-1, Bengaluru - 560100, Karnataka, India P: +91 80 4009 6000 | F: +91 80 4009 6009 CIN - L64202KA2000PLC027860 Email - [email protected] www.onmobile.com

November 11, 2024

To Department of Corporate Services, The Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra Kurla Complex, Bandra (East) Mumbai - 400 001 Mumbai - 400 051 Scrip Code: 532944 Scrip Code: ONMOBILE

Dear Sir/Madam,

Sub: Outcome of the Board Meeting held on November 11, 2024 Ref: Our letter dated October 30, 2024 about Notice of Board Meeting

The Board of Directors of OnMobile Global Limited (‘the Company’) at their meeting held on Monday, November 11, 2024 in Bangalore, through Zoom Video conference, has inter alia , pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, considered and approved the unaudited financial results as per IND-AS for the quarter and half year ended September 30, 2024. A copy of the unaudited financial results (Standalone and Consolidated) along with the limited review report of the Auditors is enclosed herewith .

The Meeting of Board of Directors of the Company commenced at 8.00 p.m IST and concluded at 10.30 p.m IST.

Request you to please take the same on record.

Thanking you,

Yours sincerely, For OnMobile Global Limited

Pakanati V Digitally signed by Pakanati V Varaprasa Varaprasad Date: 2024.11.11 d 22:31:42 +05'30' P V Varaprasad Company Secretary

Encl: a/a

Registered office: To

Statement of una
Registered office: To

Statement of una
Amount in Rs Millions except dataper share
OnMobile Global Limited
wer 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100
CIN: L64202KA2000PLC027860 Website: www.onmobile.com
udited standalone results for the quarter and half year ended September 30, 2024
Amount in Rs Millions except dataper share
OnMobile Global Limited
wer 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100
CIN: L64202KA2000PLC027860 Website: www.onmobile.com
udited standalone results for the quarter and half year ended September 30, 2024
Amount in Rs Millions except dataper share
OnMobile Global Limited
wer 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100
CIN: L64202KA2000PLC027860 Website: www.onmobile.com
udited standalone results for the quarter and half year ended September 30, 2024
Amount in Rs Millions except dataper share
OnMobile Global Limited
wer 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100
CIN: L64202KA2000PLC027860 Website: www.onmobile.com
udited standalone results for the quarter and half year ended September 30, 2024
Amount in Rs Millions except dataper share
OnMobile Global Limited
wer 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100
CIN: L64202KA2000PLC027860 Website: www.onmobile.com
udited standalone results for the quarter and half year ended September 30, 2024
Amount in Rs Millions except dataper share
OnMobile Global Limited
wer 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100
CIN: L64202KA2000PLC027860 Website: www.onmobile.com
udited standalone results for the quarter and half year ended September 30, 2024
Quarter ended Half Year Ended Year Ended
Sl.
No
Particulars September 30, 2024
(Unaudited)
June 30, 2024
(Unaudited)
September 30, 2023
(Unaudited)
September 30, 2024
(Unaudited)
September 30, 2023
(Unaudited)
March 31, 2024
(Audited)
1
2
3
4
5
6
7
8
9
10
11
12
Revenue from Operations
Mobile entertainment services
Other income (Net) (Note No. 4)
Total Income
Expenses
(a) Content fee and royalty
(b) Contest expenses
(c) Cost of software licenses and others
(d) Employee benefits expense
(e) Finance costs
(f) Depreciation and amortisation expenses
(g) Marketing expenses
(h) Other expenses
Total expenses
Profit before tax and exceptional items (1-2)
Exceptional items (Refer Note 5)
Profit/(Loss) before tax (3-4)
Tax expense:
(a) Current tax
(b) Current Tax expense relating to prior years
(c) Minimum Alternate Tax (MAT) credit entitlement
(d) Deferred tax
Total tax
Profit/(Loss) for the period/ year (5-6)
Other comprehensive income
A. (i) Items that will not be reclassified to profit or loss
(ii) Income tax relating to items that will not be reclassified
to profit or loss
B. (i) Items that will be reclassified to profit or loss
(ii) Income tax relating to items that will be reclassified to
profit or loss
Other comprehensive income
Total comprehensive income for the period/ year (7+8)
Paid up equity share capital (Face value of Rs 10/- each)
Other equity
Earnings per share (of Rs. 10 each) (not annualised except for
year ended March 31, 2024)
(a) Basic
(b) Diluted
457.53
81.21
404.25
4.19
387.57
80.92
861.78
85.40
919.31
124.41
1,671.11
297.44
538.74 408.44 468.49 947.18 1,043.72 1,968.55
30.13
5.35
17.17
202.54
6.04
17.04
95.41
104.56
9.62
4.04
33.25
187.70
5.62
17.44
37.48
97.00
11.54
0.67
31.49
191.75
4.24
18.60
98.95
96.41
39.75
9.39
50.42
390.24
11.66
34.48
132.89
201.56
43.72
14.19
69.82
379.22
8.70
37.02
228.32
192.91
74.79
34.73
125.67
751.79
21.63
72.84
390.69
447.86
478.24 392.15 453.65 870.39 973.90 1,920.00
60.50
(34.12)
16.29
(17.94)
14.84
-
76.79
(52.06)
69.82
-
48.55
(5.30)
26.38
11.97
-
(3.45)
(3.34)
(1.65)
4.30
-
-
(1.14)
14.84
(10.30)
-
6.90
7.12
24.73
16.27
-
(3.45)
(4.48)
69.82
7.10
-
-
4.51
43.25
28.48
(23.95)
-
9.65
5.18 3.16 3.72 8.34 11.61 14.18
21.20 (4.81) 11.12 16.39 58.21 29.07
(1.80)

0.53
(13.95)
-
1.39
(0.41)
(7.94)
-
(15.50)
4.52
(1.50)
-
(0.41)
0.12
(21.89)
-
(4.70)
1.37
(8.98)
-
2.53
(0.74)
(16.89)
-
(15.22) (6.96) (12.48) (22.18) (12.31) (15.10)
5.98 (11.77) (1.36) (5.79) 45.90 13.97
1,063.21 1,063.21 1,062.06 1,063.21 1,062.06 1,062.14
6,013.55
0.20
0.20
(0.05)
(0.05)
0.11
0.11
0.15
0.15
0.55
0.55
0.27
0.27

OnMobile Global Limited

Registered office: Tower 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100 CIN: L64202KA2000PLC027860 Website: www.onmobile.com

Statement of unaudited standalone results for the quarter and half year ended September 30, 2024 2 STANDALONE BALANCE SHEET

STANDALONE BALANCE SHEET
Amount in Rs Millions except dataper share
Particulars As at
Sepember 30, 2024

As at
March 31, 2024
ASSETS
Non-Current Assets
Property, plant and equipment
Capital work-in-progress
Intangible assets
Right-of-use asset
Financial assets
Investments
Other financial assets
Deferred tax assets (net)
Non-current tax assets (net)
Other non-current assets
Current Assets
Financial Assets
Trade receivables
Cash and cash equivalents
Other bank balances
Loans
Other financial assets
Other current assets
TOTAL- ASSETS
EQUITY AND LIABILITIES
Equity
Equity share capital
Other equity
Non-Current Liabilities
Financial liabilities
Lease liabilities
Provisions
Current Liabilities
Financial liabilities
Borrowings
Lease liabilities
Trade payables
-Total outstanding dues of micro and small enterprises
-Total outstanding dues of creditors other than micro and small enterprises
Other financial liabilities
Other current liabilities
Provisions
Income tax liabilities (net)
TOTAL- EQUITY AND LIABILITIES

(Unaudited)

(Audited)
65.56
4.06
69.22
20.07
3,631.18
557.22
497.26
1,101.48
385.58
79.36
3.83
79.85
27.58
3,631.16
557.21
489.15
1,081.97
385.48
6,331.63 6,335.59
1,320.32
17.97
3.71
221.94
61.31
149.94
1,161.16
61.65
3.71
231.65
14.05
160.32
1,775.19 1,632.54
8,106.82 7,968.13
1,063.22
6,017.25
1,062.14
6,013.55
7,080.47 7,075.69
6.61
100.75
16.20
101.52
107.36 117.72
150.00
18.49
-
616.68
31.38
82.87
3.30
16.27
130.00
17.29
-
544.64
33.91
41.16
3.20
4.52
918.99 774.72
8,106.82 7,968.13

OnMobile Global Limited Registered office: Tower 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100 CIN: L64202KA2000PLC027860 Website: www.onmobile.com

Statement of unaudited standalone results for the quarter and half year ended September 30, 2024

3 STANDALONE STATEMENT OF CASH FLOWS

3 STANDALONE STATEMENT OF CASH FLOWS
A
B
C
Amount in Rs. Millions
Particulars Halfyear ended Halfyear ended Year ended
**September 30, 2024 ** September 30, 2023 March 31, 2024
(Unaudited) (Unaudited) (Audited)
CASH FLOWS FROM OPERATING ACTIVITIES
Profit for the period / year
Adjustments for :
Adjustments to reconcile profit for the period / year to net cash flows:
Income tax expenses recognised in the statement of profit and loss
Depreciation and amortisation expense
Impairment provision for investment in subsidiaries
16.41
8.35
34.47
-
14.68
4.60
(2.70)
-
-
7.41
(75.76)
11.66
(6.64)
58.21
11.61
37.02
-
12.14
1.00
(0.25)
-
-
(37.11)
(0.59)
8.70
(39.08)
29.07
14.18
72.84
5.30
51.46
-
(1.50)
(17.02)
(25.30)
(30.90)
(113.46)
21.63
(101.64)
Unrealised foreign exchange gain/(loss)
Bad debts/other receivables written off (net)
(Gain)/ Loss on disposal of Property, plant and equipment (net)
Provision for doubtful trade and other receivables (net)
Liabilities no longer required written back
Share based payments
Dividend income
Finance cost
Interest income
Operating profit before working capital changes
Change in operating assets and liabilities:
Trade receivables
Other assets
Trade payables ,provisions and other liabilities
Cash used in from operations
Direct taxes paid (net of refunds)
Net cash used in operating activities
CASH FLOW FROM INVESTING ACTIVITIES
Purchase of tangible and intangible assets
Loans given to Subsidiaries
Proceeds from sale of tangible assets
(Purchase)/sale of investment in subsidiaries (net)
Changes in other bank balances
Interest received
Dividend received
Net cash generated from investing activities
CASH FLOW FROM FINANCING ACTIVITIES
12.48 51.65 (95.34)
(53.12)
(65.40)
87.55
(151.30)
(449.19)
71.31
(753.42)
739.96
(356.40)
(30.97) (529.18) (369.86)
(18.49)
(24.16)
(477.53)
102.32
(465.20)
92.47
(42.65) (375.21) (372.73)
(1.30)
(5.02)
2.72
-
-
6.59
-
(4.52)
14.31
0.63
4.81
(0.09)
44.33
-
(28.20)
(135.73)
2.00
-
0.93
113.46
101.64
2.99 59.47 54.10
(10.46)
(9.60)
20.00
3.09
(6.88)
(9.15)
20.00
7.14
(18.28)
(18.43)
50.00
7.36
Finance costs
Repayment of lease liabilities
Proceeds from Short term Borrowings
Proceeds from exercise of ESOPs (including premium)
Net cash generated from financing activities
Net decrease in cash and cash equivalents (A+B+C)
Cash and cash equivalents at the beginning of the year
Effect of exchange differences on translation of foreign currency cash and
cash equivalents
Cash and cash equivalents at the end of theperiod /year
3.03 11.11 20.65
(36.63) (304.63) (297.98)
61.65
(7.05)
360.35
(15.46)
360.35
(0.72)
17.97 40.26 61.65

OnMobile Global Limited Registered office: Tower 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100 CIN: L64202KA2000PLC027860 Website: www.onmobile.com

Statement of unaudited standalone results for the quarter and half year ended September 30, 2024

  • 1 The unaudited standalone results for the quarter and half year ended September 30, 2024 have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their respective meetings held on November 11, 2024. The above results have been subjected to limited review by the statutory auditors of the Company. The review report of the statutory auditors is unmodified.

  • 2 These financial results have been prepared in accordance with Indian Accounting Standards (‘Ind AS’) prescribed under section 133 of the Companies Act, 2013 read with the relevant rules thereunder and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and relevant circulars issued thereunder.

  • 3 As per Ind AS 108, Operating segments, the Company has disclosed the segment information only as part of the consolidated financial results.

  • 4 Other income for the year ended March 31, 2024 includes Rs. 25.30 Million on account of writeback of intercompany payables (net off receivables) with respect to subsidiaries / overseas branches which are either liquidated or are in the process of liquidation on account of cessation of operations.

  • 5 Exceptional items include – a) Amount recorded towards impairment of investments in wholly owned subsidiaries – Rs. 5.30 Million for year ended March 31, 2024 b) Head count restructuring and optimization cost of Rs. 17.94 Million and Rs. 34.12 Million for the quarter ended June 30, 2024 and September 30, 2024 respectively and Rs. 52.06 Million for the half year ended September 30, 2024.

For and on behalf of Board of Directors of Onmobile Global Limited

FRANCOIS Digitally signed by FRANCOIS CHARLES CHARLES SIROIS Date: 2024.11.11 SIROIS 20:34:54 +05'30'

François-Charles Sirois Executive Chairman & CEO Place: Mumbai Date: November 11,2024

Embassy Golf Links Business Park Pebble Beach, B Block, 3rd Floor No. 13/2, off Intermediate Ring Road Bengaluru - 560 071, India Telephone: +91 80 4682 3000 Fax: +91 80 4682 3999

Chartered Accountants

B S R & Co. LLP

Limited Review Report on unaudited standalone financial results of OnMobile Global Limited for the quarter ended 30 September 2024 and year to date results for the period from 1 April 2024 to 30 September 2024 pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

To the Board of Directors of OnMobile Global Limited

  1. We have reviewed the accompanying Statement of unaudited standalone financial results of OnMobile Global Limited (hereinafter referred to as “the Company”) for the quarter ended 30 September 2024 and year to date results for the period from 1 April 2024 to 30 September 2024 (“the Statement”).

  2. This Statement, which is the responsibility of the Company’s management and approved by its Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 “ Interim Financial Reporting ” (“Ind AS 34”), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”). Our responsibility is to issue a report on the Statement based on our review.

  3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

  4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For B S R & Co. LLP Chartered Accountants

Firm’s Registration No.:101248W/W-100022 Digitally signed by PRAVEEN PRAVEEN KUMAR JAIN KUMAR JAIN Date: 2024.11.11 20:57:58 +05'30'

Praveen Kumar Jain

Bengaluru 11 November 2024

Partner Membership No.: 079893 UDIN:24079893BKEYYQ1155

Registered Office:

B S R & Co. (a partnership firm with Registration No. BA61223) converted into B S R & Co. LLP (a Limited Liability Partnership with LLP Registration No. AAB-8181) with effect from October 14, 2013

14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400063 Page 1 of 1

1
CONSOLIDATED STATEMENT OF PROFIT AND LOSS ACCOUNT
Amount in Rs Millions except dataper share
OnMobile Global Limited
Registered office: Tower 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100
CIN: L64202KA2000PLC027860 Website: www.onmobile.com
Statement of unaudited consolidated financial results for the quarter and half year ended September 30, 2024
1
CONSOLIDATED STATEMENT OF PROFIT AND LOSS ACCOUNT
Amount in Rs Millions except dataper share
OnMobile Global Limited
Registered office: Tower 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100
CIN: L64202KA2000PLC027860 Website: www.onmobile.com
Statement of unaudited consolidated financial results for the quarter and half year ended September 30, 2024
1
CONSOLIDATED STATEMENT OF PROFIT AND LOSS ACCOUNT
Amount in Rs Millions except dataper share
OnMobile Global Limited
Registered office: Tower 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100
CIN: L64202KA2000PLC027860 Website: www.onmobile.com
Statement of unaudited consolidated financial results for the quarter and half year ended September 30, 2024
1
CONSOLIDATED STATEMENT OF PROFIT AND LOSS ACCOUNT
Amount in Rs Millions except dataper share
OnMobile Global Limited
Registered office: Tower 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100
CIN: L64202KA2000PLC027860 Website: www.onmobile.com
Statement of unaudited consolidated financial results for the quarter and half year ended September 30, 2024
1
CONSOLIDATED STATEMENT OF PROFIT AND LOSS ACCOUNT
Amount in Rs Millions except dataper share
OnMobile Global Limited
Registered office: Tower 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100
CIN: L64202KA2000PLC027860 Website: www.onmobile.com
Statement of unaudited consolidated financial results for the quarter and half year ended September 30, 2024
1
CONSOLIDATED STATEMENT OF PROFIT AND LOSS ACCOUNT
Amount in Rs Millions except dataper share
OnMobile Global Limited
Registered office: Tower 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100
CIN: L64202KA2000PLC027860 Website: www.onmobile.com
Statement of unaudited consolidated financial results for the quarter and half year ended September 30, 2024
1
CONSOLIDATED STATEMENT OF PROFIT AND LOSS ACCOUNT
Amount in Rs Millions except dataper share
OnMobile Global Limited
Registered office: Tower 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100
CIN: L64202KA2000PLC027860 Website: www.onmobile.com
Statement of unaudited consolidated financial results for the quarter and half year ended September 30, 2024
1
CONSOLIDATED STATEMENT OF PROFIT AND LOSS ACCOUNT
Amount in Rs Millions except dataper share
OnMobile Global Limited
Registered office: Tower 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100
CIN: L64202KA2000PLC027860 Website: www.onmobile.com
Statement of unaudited consolidated financial results for the quarter and half year ended September 30, 2024
Quarter ended Halfyear ended Year ended
**Sl. No ** Particulars September 30, 2024
(Unaudited)
June 30, 2024
(Unaudited)
September 30, 2023
(Unaudited)
September 30, 2024
(Unaudited)
September 30, 2023
(Unaudited)
March 31, 2024
(Audited)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
Revenue from Operations
Mobile Entertainment Services
Other income (net)
Total Income
Expenses
(a) Content fee and royalty
(b) Contest expenses
(c) Cost of software licenses and others
(d) Employee benefits expenses
(e) Finance costs
(f) Depreciation and amortisation expenses
(g) Marketing expenses
(h) Other expenses
Total expenses
Profit/(loss) before share of profit/(loss) of associates, exceptional
items and tax (1 - 2)
Share of profit/(loss) of associates
Profit/(loss) before tax and exceptional items (3+4)
Exceptional items - net (Refer note 4)
Profit/(loss) before tax (5+6)
Tax expense
(a) Current tax
(b) Current tax expense relating to prior years
(c) Deferred tax
(d) Minimum Alternate Tax (MAT) credit entitlement
Total tax
Profit/(loss) for the period / year (7-8)
Other comprehensive income
A. (i) Items that will not be reclassified to profit or loss
(ii) Income tax relating to items that will not be reclassified to profit or
loss
B. (i) Items that will be reclassified to profit or loss
(ii) Income tax relating to items that will be reclassified to profit or loss
Other comprehensive income/(loss)
Total comprehensive income/(loss) for the period/ year (9+10)
Profit attributable to:
Owners of the Company
Non-controlling interests
Total comprehensive income attributable to:
Owners of the Company
Non-controlling interests
Paid up equity share capital (Face value of Rs 10/- each)
Other equity
Earnings per share (of Rs. 10 each) (not annualised except for year ended
March 31, 2024)
(a) Basic
(b) Diluted
1,293.01
15.52
1,234.95
2.04
1,337.68
81.68
2,527.96
17.56
2,708.32
123.04
5,132.40
201.77
1,308.53 1,236.99 1,419.36 2,545.52 2,831.36 5,334.17
616.54
6.39
32.44
301.53
15.20
80.98
225.20
104.77
581.73
10.10
41.17
290.11
12.88
80.33
220.66
99.07
629.34
3.22
36.75
268.16
10.46
28.62
212.56
108.48
1,198.27
16.49
73.61
591.64
28.08
161.31
445.86
203.84
1,188.73
19.65
77.52
549.19
15.52
57.34
443.17
237.29
2,345.00
42.98
137.54
1,082.00
45.61
112.14
859.05
444.56
1,383.05 1,336.05 1,297.59 2,719.10 2,588.41 5,068.88
(74.52) (99.06) 121.77 (173.58) 242.95 265.29
0.15 0.15 0.16 0.30 0.30 0.09
(74.37) (98.91) 121.93 (173.28) 243.25 265.38
(34.12) (38.70) - (72.82) - -
(108.49)
22.69
-
(6.72)
(3.45)
(137.61)
14.56
-
0.76
-
121.93
(2.79)
-
32.41
6.90
(246.10)
37.25
-
(5.96)
(3.45)
243.25
19.99
-
39.35
-
265.38
89.05
(22.56)
45.73
-
12.52 15.32 36.52 27.84 59.34 112.22
(121.01)
(1.80)
0.53
16.17
-
14.90
(152.93)
1.39
(0.41)
25.16
-
26.14
85.41
(15.50)
4.52
(20.11)
-
**(31.09) **
(273.94)
(0.41)
0.12
41.33
-
41.04
183.91
(4.70)
1.37
(122.02)

-
**(125.35) **
153.16
2.53
(0.74)
(184.79)
-
(183.00)
(106.11) (126.79) 54.32 (232.90) 58.56 (29.84)
(118.42)
(2.59)
(153.15)
0.22
85.19
0.22
(271.57)
(2.37)
183.53
0.38
152.37
0.79
(121.01) (152.93) 85.41 (273.94) 183.91 153.16
(106.11)
-
(126.79)
-
(31.09)
-
41.04
-
(125.35)
-
(29.84)
-
(106.11) (126.79) (31.09) 41.04 (125.35) (29.84)
1,114.29 1,063.21 1,062.06 1,114.29 1,062.06 1,062.14
5,434.53
(1.13)
(1.13)
(1.44)
(1.44)
0.80
0.80
(2.57)
(2.57)
1.73
1.73
1.44
1.43

OnMobile Global Limited Registered office: Tower 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100 CIN: L64202KA2000PLC027860 Website: www.onmobile.com

Statement of unaudited consolidated financial results for the quarter and half year ended September 30, 2024

2 Consolidated Balance Sheet

2 Consolidated Balance Sheet
OnMobile Global Limited
Registered office: Tower 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100
CIN: L64202KA2000PLC027860 Website: www.onmobile.com
Statement of unaudited consolidated financial results for the quarter and half year ended September 30, 2024
2 Consolidated Balance Sheet
OnMobile Global Limited
Registered office: Tower 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100
CIN: L64202KA2000PLC027860 Website: www.onmobile.com
Statement of unaudited consolidated financial results for the quarter and half year ended September 30, 2024
2 Consolidated Balance Sheet
OnMobile Global Limited
Registered office: Tower 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100
CIN: L64202KA2000PLC027860 Website: www.onmobile.com
Statement of unaudited consolidated financial results for the quarter and half year ended September 30, 2024
2 Consolidated Balance Sheet
OnMobile Global Limited
Registered office: Tower 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100
CIN: L64202KA2000PLC027860 Website: www.onmobile.com
Statement of unaudited consolidated financial results for the quarter and half year ended September 30, 2024
Amount in Rs. Millions
As at
September 30, 2024
(Unaudited)
As at
March 31, 2024
(Audited)
129.47
147.42
19.17

14.73
670.72
636.08
2,075.00
2,187.02
67.61
-
22.15
30.50
682.16
675.27
52.43
52.42

468.59
459.42

1,466.89
1,423.58
507.31
515.97
6,161.50

6,142.41
1,646.48
1,397.44
409.28

633.33
3.36
3.36
39.29
34.85
572.26
643.41
2,670.67
2,712.39
8,832.17
8,854.80
1,114.29
1,062.14
5,211.12
5,434.53
6,325.41
6,496.67
6.61
16.20
100.75
109.77
9.27
9.20
116.63
135.17
262.84
130.00
21.21
21.19
-
-
1,798.52
1,679.32
34.20
45.53
151.27
235.82
21.92
17.83
100.17
93.27
2,390.13
2,222.96
8,832.17
8,854.80
Particulars As at
September 30, 2024
(Unaudited)

As at
March 31, 2024
(Audited)
ASSETS
Non-Current Assets
Property, plant and equipment
Capital work in progress
Goodwill
Other Intangible assets
Intangible asset under development
Right to use assets
Financial Assets
(i) Investments
(ii) Other financial assets
Deferred tax assets (net)
Non- Current tax assets( net)
Other non-current assets
Current Assets
Financial Assets
(i) Trade receivables
(ii) Cash and cash equivalents
(iii) Bank balances other than (ii) above
(iv) Other financial assets
Other current assets
TOTAL - ASSETS
EQUITY AND LIABILITIES
Equity
Equity share capital
Other equity
Non-Current Liabilities
Financial liabilities
Lease liabilities
Provisions
Deferred tax liabilities (net)
Current Liabilities
Financial liabilities
Borrowings
Lease liabilities
Trade payables
Other financial liabilities
Other current liabilities
Provisions
Current tax liabilities (net)
TOTAL - EQUITY AND LIABILITIES
-Total outstanding dues of creditors other than micro and small enterprises
-Total outstanding dues of micro and small enterprises
129.47
19.17

670.72
2,075.00
67.61
22.15
682.16
52.43
468.59
1,466.89
507.31
147.42
14.73
636.08
2,187.02
-
30.50
675.27
52.42

459.42

1,423.58
515.97
6,161.50
6,142.41
1,646.48
409.28

3.36
39.29
572.26
1,397.44
633.33
3.36
34.85
643.41
2,670.67 2,712.39
8,832.17 8,854.80
1,114.29
5,211.12
1,062.14
5,434.53
6,325.41 6,496.67
6.61
100.75
9.27
16.20
109.77
9.20
116.63 135.17
262.84
21.21
-
1,798.52
34.20
151.27
21.92
100.17
130.00
21.19
-
1,679.32
45.53
235.82
17.83
93.27
2,390.13 2,222.96
8,832.17 8,854.80

OnMobile Global Limited

Registered office: Tower 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100 CIN: L64202KA2000PLC027860 Website: www.onmobile.com

Statement of unaudited consolidated financial results for the quarter and half year ended September 30, 2024

3 Consolidated Cash Flow Statements

3 Consolidated Cash Flow Statements
OnMobile Global Limited
Registered office: Tower 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100
CIN: L64202KA2000PLC027860 Website: www.onmobile.com
Statement of unaudited consolidated financial results for the quarter and half year ended September 30, 2024
3 Consolidated Cash Flow Statements
OnMobile Global Limited
Registered office: Tower 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100
CIN: L64202KA2000PLC027860 Website: www.onmobile.com
Statement of unaudited consolidated financial results for the quarter and half year ended September 30, 2024
3 Consolidated Cash Flow Statements
OnMobile Global Limited
Registered office: Tower 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100
CIN: L64202KA2000PLC027860 Website: www.onmobile.com
Statement of unaudited consolidated financial results for the quarter and half year ended September 30, 2024
3 Consolidated Cash Flow Statements
OnMobile Global Limited
Registered office: Tower 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100
CIN: L64202KA2000PLC027860 Website: www.onmobile.com
Statement of unaudited consolidated financial results for the quarter and half year ended September 30, 2024
3 Consolidated Cash Flow Statements
OnMobile Global Limited
Registered office: Tower 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100
CIN: L64202KA2000PLC027860 Website: www.onmobile.com
Statement of unaudited consolidated financial results for the quarter and half year ended September 30, 2024
Amount in Rs. Millions
Halfyear ended
Halfyear ended
Year Ended
September 30, 2024
September 30, 2023
March 31, 2024
(Unaudited)
(Unaudited)
(Audited)
(273.94)
183.91
153.16
27.85
59.33
112.22
-
-
0.09
161.31
57.33
112.14
112.00
79.57
(49.70)
(2.71)
(0.29)
(0.48)
6.67
(1.50)
(2.58)
7.42
(37.10)
(30.90)
28.08
15.52
45.61
-
-
(54.29)
(1.48)
(41.10)
(117.97)
339.14
131.76
14.14
65.20
315.67
167.30
(231.70)
256.47
(95.86)
89.47
(129.07)
496.76
63.44
(197.12)
(298.27)
(78.79)
(69.72)
102.63
(13.59)
245.95
269.93
(185.05)
20.25
110.04
(198.64)
266.20
379.97
(122.48)
(314.87)
(766.22)
1.54
1.09
4.35
(6.62)
0.14
(8.13)
0.01
35.67
90.26
1.47
44.85
111.75
(126.08)
(233.12)
(568.00)
(28.08)
(15.52)
(45.61)
(8.36)
(8.68)
(20.69)
2.03
7.12
7.36
133.92
20.00
50.00
99.51
2.92
(8.94)
(225.21)
36.00
(196.97)
633.33
770.23
770.23
1.16
14.48
60.07
409.28
820.71
633.33
Particulars Halfyear ended Halfyear ended Year Ended
September 30, 2024 September 30, 2023 March 31, 2024
(Unaudited) (Unaudited) (Audited)
A. CASH FLOW FROM OPERATING ACTIVITIES
Profit/(Loss) for the period / year
Adjustments to reconcile profit for the period / year to net cash flows:
Income tax expense recognised in the consolidated statement of profit and loss
Share of (loss) / profit from associate
Depreciation and amortisation expenses
Unrealised foreign exchange (gain) / loss
Gain on disposal of Property plant and equipment (net)
Provision for doubtful trade receivables (net)
Share based payments
Finance costs
Provisions no longer required written back
Interest income
Operating profit before working capital changes
Changes in operating assets and liabilities:
Trade receivables
Other assets
Trade payable, provisions and other liabilities
Cash (used in)/generated from operations
Direct taxes paid (net of refunds)
Net cash (used in)/generated from operating activities
B. CASH FLOW FROM INVESTING ACTIVITIES
Purchase of tangible and intangible assets
Proceeds from sale of tangible and intangible assets
Sale, redemption / (purchase) of long term investments (net)
Changes in other bank balances
Interest received
Net cash used in investing activities
C. CASH FLOW FROM FINANCING ACTIVITIES
Finance cost
Repayment of lease liabilities
Proceeds from exercise of ESOPs (including premium)
Net cash generated from/(used in) financing activities
Net increase/(decrease) in cash and cash equivalents (A+B+C)
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the period / year
Effect of exchange differences on translation of foreign currency cash and cash
equivalents
Proceeds on Short Term Borrowings
(273.94)
27.85
-
161.31
112.00
(2.71)
6.67
7.42
28.08
-
(1.48)
183.91
59.33
-
57.33
79.57
(0.29)
(1.50)
(37.10)
15.52
-
(41.10)
153.16
112.22
0.09
112.14
(49.70)
(0.48)
(2.58)
(30.90)
45.61
(54.29)
(117.97)
339.14 131.76 14.14
65.20
(231.70)
89.47
63.44
315.67
256.47
(129.07)
(197.12)
167.30
(95.86)
496.76
(298.27)
(78.79) (69.72) 102.63
(13.59)
(185.05)
245.95
20.25
269.93
110.04
(198.64)
(122.48)
1.54
(6.62)
0.01
1.47
266.20
(314.87)
1.09
0.14
35.67
44.85
379.97
(766.22)
4.35
(8.13)
90.26
111.75
(126.08) (233.12) (568.00)
(28.08)
(8.36)
2.03
133.92
(15.52)
(8.68)
7.12
20.00
(45.61)
(20.69)
7.36
50.00
99.51 2.92 (8.94)
(225.21)
633.33
1.16
36.00
770.23
14.48
(196.97)
770.23
60.07
409.28 820.71 633.33

OnMobile Global Limited Registered office: Tower 1, 94/1C & 94/2, Veerasandra Village, Electronic City Phase-1, Bengaluru- 560100 CIN: L64202KA2000PLC027860 Website: www.onmobile.com

Statement of unaudited consolidated financial results for the quarter and half year ended September 30, 2024

  • 1 (a) The unaudited consolidated results for the quarter and half year ended September 30, 2024 have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their respective meetings held on November 11, 2024. The above results have been subjected to limited review by the statutory auditors of the Company. The review report of the statutory auditors is unmodified.

  • (b) Key numbers of Standalone Financial Results of the Company for the quarter and half-year ended September 30, 2024 are as under:

Key numbers of Standalone Financial Results of the Company for the quarter and half-year ended September 30, 2024 are as under: the Company for the quarter and half-year ended September 30, 2024 are as under: the Company for the quarter and half-year ended September 30, 2024 are as under: the Company for the quarter and half-year ended September 30, 2024 are as under: the Company for the quarter and half-year ended September 30, 2024 are as under: the Company for the quarter and half-year ended September 30, 2024 are as under:
Amount in Rs. Millions
Particulars Quarter ended Half Year Ended Year ended
September 30, 2024
(Unaudited)
June 30, 2024
(Unaudited)
September 30, 2023
(Unaudited)
September 30, 2024
(Unaudited)
September 30, 2023
(Unaudited)
March 31, 2024
(Audited)
Total Income
Profit/(Loss) before Tax
Net Profit/(Loss) after Tax
538.74
26.38
21.20
408.44
(1.65)
(4.81)
468.49
14.84
11.12
947.18
24.73
16.39
1,043.72
69.82
58.21
1,968.55
43.25
29.07

Standalone results of OnMobile Global limited are available in investors section in www.onmobile.com and also with the stock exchanges where it is listed.

  • 2 These financial results have been prepared in accordance with Indian Accounting Standards (‘Ind AS’) prescribed under section 133 of the Companies Act, 2013 read with the relevant rules thereunder and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and relevant circulars issued thereunder.

3 The above results include consolidated results of the Company's subsidiaries : OnMobile Singapore Pte Limited, OnMobile Europe B.V., ONMO Sweden AB (formerly known as “Appland AB”), OnMobile USA LLC, Servicios De Telefonia OnMobile SA DE CV, OnMobile Global SA., OnMobile Brasil Sistemas de Valor Agregado Para Comunicacoes Moveis Ltda, OnMobile DE Venezuela C.A, OnMobile Global for Telecommunication Services, OnMobile Senegal SARL, OnMobile Uruguay S.A., OnMobile Bangladesh Private Limited, OnMobile Mali SARL, OnMobile Kenya Telecom Limited, OnMobile Telecom Limited , OnMobile Global Spain S.L.U, OnMobile Costa Rica OBCR SA., OnMobile Uganda Limited, OnMobile Zambia Telecom Limited, OnMobile Madagascar Telecom Limited (liquidated w.e.f. July 27, 2023), OnMobile Rwanda Telecom Limited, OnMobile Nigeria Telecom Limited, OnMobile Tanzania Telecom Limited, OnMobile Global Solutions Canada Limited, OnMobile Global Italy S.R.L, Onmobile Turkey Telekomunikasyon Sistemleri Limited Şirketi, Onmobile Telecom Burkina Faso, SARL, ONMO Inc (erstwhile OnMobile Live Inc.), 2dayUK Limited., OnMobile Global South Africa (RF) (PTY) LTD, OnMobile South Africa Technologies (PTY) Limited), OnMobile Bangladesh Technologies Private Limited, S.L, 9447-9029 Quebec Inc. (formerly known as Les Productions Back to the Game Inc.) and Technologies Rob0 Inc and associate, Mobile Voice Konnect Private Limited. 4 Exceptional items include Head count restructuring and optimization cost of Rs. 38.70 Million and Rs. 34.12 Million for the quarter ended June 30, 2024 and September 30, 2024 respectively and Rs. 72.82 Million for the half year ended September 30, 2024.

5 The Company is engaged in providing Mobile Entertainment Services and its operations are considered to constitute a single reportable segment in the context of Ind AS 108 - “Operating Segments”.

The geographical information analysis of the Group’s revenues and non-current assets by the Company’s country of domicile (i.e. India) and other countries is as below. In presenting the geographical information, segment revenue has been based on the geographic location of customers and segment assets which have been based on the geographical location of the assets.

Geographical information Quarter ended Quarter ended Quarter ended Half year ended Half year ended Year Ended
Sl.
No
Particulars Sep 30, 2024 June30, 2024 Sep 30, 2023 Sep 30, 2024 Sep 30, 2023 March 31, 2024
(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited)
(Audited)
1
2
Revenue from Operations
Mobile entertainment services :
India
Europe
Africa
Latin America and United States of America
Rest of the World
241.46
653.91
244.24
70.89
82.50
203.07
638.58
236.80
77.30
79.20
211.22
718.26
226.94
83.89
97.36
444.53
1,292.49
481.05
148.19
161.70
596.05
1,326.10
436.76
159.21
190.20
972.05
2,649.17
833.56
319.47
358.15
Total revenue 1,293.01
1,234.95 1,337.68 2,527.95 2,708.33 5,132.40
Non-Current Assets*
India
Europe
Africa
Latin America and United States of America
Rest of the World
684.19
1,382.68
150.98
2,429.36

227.44
835.6
1348.21
133.27
2438.92
84.66
961.23
1303.20
128.63
2186.96
104.28
684.19
1,382.68
150.98
2,429.36
227.44
961.23
1,303.20
128.63
2,186.96
104.28
952.56
1,334.68
125.35
2,457.63
85.09
Total 4,874.65 4,840.66 4,684.29 4,874.65 4,684.29 4,955.31

*- excluding Financial Instruments and Deferred Tax Assets FRANCOIS Digitally signed by FRANCOIS CHARLES CHARLES SIROIS Date: 2024.11.11 SIROIS 20:35:49 +05'30'

François-Charles Sirois Executive Chairman & CEO

Place: Mumbai Date: November 11, 2024

Embassy Golf Links Business Park Pebble Beach, B Block, 3rd Floor No. 13/2, off Intermediate Ring Road Bengaluru - 560 071, India Telephone: +91 80 4682 3000 Fax: +91 80 4682 3999

Chartered Accountants

B S R & Co. LLP

Limited Review Report on unaudited consolidated financial results of OnMobile Global Limited for the quarter ended 30 September 2024 and year to date results for the period from 1 April 2024 to 30 September 2024 pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

To the Board of Directors of OnMobile Global Limited

  1. We have reviewed the accompanying Statement of unaudited consolidated financial results of OnMobile Global Limited (hereinafter referred to as “the Parent”), and its subsidiaries (the Parent and its subsidiaries together referred to as “the Group”) and its share of the net profit after tax and total comprehensive income of its associates for the quarter ended 30 September 2024 and year to date results for the period from 1 April 2024 to 30 September 2024 (“the Statement”), being submitted by the Parent pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations").

  2. This Statement, which is the responsibility of the Parent’s management and approved by the Parent’s Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 “ Interim Financial Reporting ” (“Ind AS 34”), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review.

  3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable.

  1. The Statement includes the results of the following entities:

  2. OnMobile Global Limited (Parent)

  3. OnMobile Singapore Pte. Ltd.

  4. 3.OnMobile Europe BV

  5. 4.Servicios De Telefonia OnMobile SA De CV

  6. 5.OnMobile Global SA

  7. 6.OnMobile De Venezuela CA

  8. 7.OnMobile Brasil Sistemas De Valor Agregado Para Comunicacoes Moveis Ltd.

  9. 8.OnMobile Global for Telecommunication Services

  10. 9.OnMobile Uruguay SA

  11. 10.OnMobile Senegal SARL

  12. 11.OnMobile Mali SARL

  13. 12.OnMobile Bangladesh Private Limited

Registered Office:

B S R & Co. (a partnership firm with Registration No. BA61223) converted into B S R & Co. LLP (a Limited Liability Partnership with LLP Registration No. AAB-8181) with effect from October 14, 2013

14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400063

Page 1 of 2

B S R & Co. LLP

Limited Review Report (Continued) OnMobile Global Limited

13.OnMobile Kenya Telecom Limited

14.OnMobile Telecom Limited

15.OnMobile Costa Rica OBCR, SA

16.OnMobile Global Spain, S.L.U.

17.OnMobile Tanzania Telecom Limited

18.OnMobile Zambia Telecom Limited

19.OnMobile Uganda Limited

20.OnMobile Rwanda Telecom Limited

21.OnMobile Nigeria Telecom Limited

22.OnMobile Global Solutions Canada Limited

23.OnMobile Global Italy SRL

24.OnMobile Turkey Telekomunikasyon Sistemleri Limited Şirketi

25.OnMobile Telecom Burkina Faso, SARL

26.ONMO Inc.

27.2DayUK Limited

28.OnMobile Global South Africa (RF) (PTY) Ltd.

29.ONMO Sweden AB (formerly known as “Appland AB”)

30.OnMobile Bangladesh Technologies Private Limited

31.Technologies rob0 Inc.

32.OnMobile South Africa Technologies (PTY) Ltd.

33.Onmobile USA LLC

34.Mobile Voice Konnect Private Limited

  1. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For B S R & Co. LLP

Chartered Accountants

Firm’s Registration No.:101248W/W-100022

Digitally signed by PRAVEEN PRAVEEN KUMAR JAIN KUMAR JAIN Date: 2024.11.11 20:57:18 +05'30'

Praveen Kumar Jain

Partner

Bengaluru 11 November 2024

Membership No.: 079893 UDIN:24079893BKEYYR7675

Page 2 of 2