OnMobile reports Q4 fiscal 2011 results

BANGALORE, INDIA: OnMobile announced the results of its fourth quarter of fiscal year 2011, ended March 31, 2011. Revenue for the fiscal quarter was Rs 1,333 million, an 8 per cent increase versus the comparable period a year ago. Revenue at the end of the fourth quarter of fiscal year 2011 stood at Rs 1,229 million.

Financial highlights (Q4 fiscal 2011 as compared to Q4 fiscal 2010)
* Revenue increased 8 percent from Rs 1,229 million to Rs, 1,333 million.
* EBITDA increased 40 percent from Rs 219 million to Rs. 307 million.
* Operating margin increased 52 percent from Rs 107 million to Rs 163 million.
* Net profit increased 143 percent from Rs 111 million to Rs 269 million.
* Earnings per share increased 138 percent from Rs 1.9 to Rs 4.4.

Highlights of FY 2011 (as compared to FY 2010)
* Revenue increased 18 percent from Rs 4,544 million to Rs, 5,372 million.
* EBITDA increased 45 percent from Rs 831 million to Rs. 1206 million.
* Operating margin increased 64 percent from Rs 390 million to Rs 639 million.
* Net profit increased 109 percent from Rs 428 million to Rs 892 million.
* Earnings per share increased 106 percent from Rs 7.2 to Rs 14.8.

Arvind Rao, chairman, CEO and MD, OnMobile, said: “OnMobile’s double-digit growth in fiscal year 2011 validates our commitment to be a global VAS leader, building on our VAS pioneer credentials. This strong performance bears testimony to the success of OnMobile’s strategy to establish a broad global footprint with acquisitions, significant customer wins and continued technology investments.”