OnMobile Global reported a 72% reduction in net loss to ₹11.49 crore, despite a 10% revenue dip to ₹516.85 crore. EBITDA saw a significant jump. The company is focusing on its gaming segment and expanding non-telecom channels.
OnMobile Global Reports Narrower Loss Amidst Revenue Dip
OnMobile Global's consolidated net loss for FY26 narrowed to ₹11.49 crore, a significant improvement from ₹40.54 crore in FY25. Revenue, however, saw a 10% decrease, falling to ₹516.85 crore from ₹573.02 crore.
Reader Takeaway: Gaming growth is a positive, but rising receivables and auditor concerns need watching.
What just happened
OnMobile Global announced its financial results for the fiscal year ending March 31, 2026. The company reported consolidated revenue of ₹516.85 crore, a 10% decline compared to ₹573.02 crore in the previous fiscal year. Despite this, consolidated EBITDA surged by over 110% to ₹29.7 crore from ₹10.7 crore. The net loss was significantly reduced to ₹11.49 crore, a 72% improvement from the ₹40.54 crore loss reported for FY25. The company also saw a substantial increase in its gross cash reserves, rising to ₹142 crore from ₹40.2 crore.
Why this matters
The improved EBITDA and significantly reduced net loss indicate better operational efficiency and cost management. The substantial increase in cash reserves provides financial flexibility for future investments and operations. However, the decline in revenue suggests challenges in legacy business segments or the impact of its business model transition.
The backstory
OnMobile Global is undergoing a strategic pivot, focusing increasingly on digital gaming platforms while managing its existing entertainment services. This transition often involves short-term revenue impacts as the company reorients its business.
What changes now
The company is intensifying its focus on the gaming segment, with gaming subscription and platform revenues growing 38% year-on-year to ₹154.5 crore. The launch of the ONMO+ Smart Console targets new sales channels like e-commerce and retail, aiming to diversify beyond telecom.
Risks to watch
Two key areas warrant investor attention: Days Sales Outstanding (DSO) has increased from 107 to 131 days, indicating slower collection of receivables. Additionally, the company's auditors have noted that audit trail facilities in accounting software were not fully enabled for certain fields, which could have implications for financial reporting integrity.
Peer comparison
While specific peer data for this exact reporting period isn't provided in the filing, the trend in the digital gaming and entertainment services sector often sees companies balancing subscriber growth with monetization challenges and evolving business models.
Context metrics (time-bound)
- Consolidated Revenue (FY26): ₹516.85 crore (vs. ₹573.02 crore in FY25)
- Consolidated EBITDA (FY26): ₹29.7 crore (vs. ₹10.7 crore in FY25)
- Consolidated Net Loss (FY26): ₹11.49 crore (vs. ₹40.54 crore in FY25)
- Gross Cash (FY26): ₹142 crore (vs. ₹40.2 crore in FY25)
- Gaming Revenue Growth (YoY): 38%
- Days Sales Outstanding (DSO): 131 days (vs. 107 days)
What to track next
Investors will be keen to observe the growth trajectory of the gaming segment, the success of the ONMO+ Smart Console in new channels, and the company's efforts to improve its DSO and address the auditor's concerns regarding accounting software.