{"id":106584,"date":"2023-08-09T16:23:29","date_gmt":"2023-08-09T10:53:29","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=106584"},"modified":"2023-08-09T16:23:31","modified_gmt":"2023-08-09T10:53:31","slug":"onmobile-global-q1-24-results-company-reports-140-increase-in-net-profits","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/onmobile-global-q1-24-results-company-reports-140-increase-in-net-profits\/","title":{"rendered":"OnMobile Global Q1 \u201824 Results: Company Reports 140% increase in Net Profits"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-98262674\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/ONMOBILE\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">OnMobile Global<\/a><\/strong> has said its consolidated net profit jumped over two-fold to Rs 9.85 crore in June quarter, mainly on the back of higher revenues. OnMobile Global is a leading player in the cutting-edge mobile gaming and entertainment space, is headquartered in Bangalore with its presence in over 50 countries across the globe.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-311596614\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The company had reported a consolidated net profit of Rs 4.12 crore in the year-ago quarter ended on June 30, 2022, OnMobile Global said in a statement. Total income of the company rose to Rs 141.20 crore in the quarter under review from Rs 135.73 crore in the same period a year ago.<\/p><p>Sanjay Baweja, MD &amp; Global CEO, OnMobile, said in the statement, &#8220;The quarterly revenue performance has been better than last few quarters, and we are focused to scale it further, for the rest of the year.&#8221; The revenue uptick for the company has been encouraging, and it will continue to improve over the upcoming quarters, he stated.<\/p><p>Asheesh Chatterjee, Global Group CFO, said in the statement, &#8220;Gross revenue saw a modest sequential growth of 3.8 per cent, which is a good start for FY&#8217;24. We achieved a significant quarterly growth in EBITDA through cost optimization efforts. Further, our PAT (profit after tax) stood at Rs 9.85 crore, which shows a healthy sign for the upcoming quarters.&#8221;<\/p><div class=\"trade-content_5\" id=\"trade-1957620009\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-2152317225\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>OnMobile Global has said its consolidated net profit jumped over two-fold to Rs 9.85 crore in June quarter, mainly on the back of higher revenues. OnMobile Global is a leading player in the cutting-edge mobile gaming and entertainment space, is headquartered in Bangalore with its presence in over 50 countries across the globe. The company [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":25332,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1515,31],"tags":[],"class_list":["post-106584","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-results","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>OnMobile Global Q1 \u201824 Results: Company Reports 140% increase in Net Profits - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"OnMobile Global has said its consolidated net profit jumped over two-fold to Rs 9.85 crore in June quarter, mainly on the back of higher revenues. 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