Financials
Q2-2016: OnMobile YoY revenue flat: EBIDTA up 41.7%
BENGALURU: Mobile music play service company OnMobile Global Limited (OnMobile) reported almost flat (decline of 0.2 per cent) consolidated revenue or Income from Operations (TIO) for the quarter ended 30 September, 2015 (Q2-2016, current quarter) at Rs 206.98 crore as compared to the Rs 207.45 crore in Q2-2015. TIO for the current quarter grew 2.6 per cent as compared to the Rs 201.82 crore in the immediate trailing quarter.
Note: 100,00,000 = 100 Lakhs = 10 million = 1 crore
The company’s EBIDTA in the current quarter grew 41.7 per cent to Rs 39.34 crore (19 per cent margin) as compared to the Rs 27.77 crore (13.4 per cent margin) in the corresponding year ago quarter and was 12 per cent more than the Rs 35.12 crore (17.4 per cent margin) in the immediate trailing quarter.
OnMobile reported profit after tax (PAT) of Rs 1.26 crore (0.6 per cent margin) in Q2-2016 as compared to a loss of Rs 1.21 crore in Q2-2015 and a loss of Rs 0.16 crore in Q1-2016.
Business Performance
OnMobile says that its International revenue grew by eight per cent YoY and 2.8 per cent QoQ. Europe recorded a revenue growth of 49.2 per cent YoY and 4.4 per cent QoQ, while in Other Emerging Markets, revenue grew by 6.7 per cent YoY and seven per cent QoQ to Rs 37.3 crore (18 per cent of TIO).
Its Latin America revenue was down by 1.5 per cent QoQ and 23.9 per cent YoY respectively. However, Latin America revenue grew by five per cent QoQ, excluding the forex impact of fluctuations in local currencies.
India Business
OnMobile’s India revenue was Rs 45.1 crore (21.8 per cent of TIO) in Q2-2016, a growth of 1.7 per cent QoQ and reduction of 21.6 per cent YoY. It says that it has won western circles from Airtel for Ring Back Tone business to become the largest Ring Back Tone partner for Airtel in India. OnMobile says that this win increases its reach in Airtel from over six crore subscribers to over 11.5 crore subscribers.
The company says that CVAS, a direct to consumer product, has been launched in a large operator in India.
Let us look at some of the other numbers reported by OnMobile
Total Expenditure (TE) in the current quarter declined 5.2 per cent to Rs 204.74 crore (98.9 per cent of TIO) as compared to the Rs 215.92 crore (104.1 per cent of TIO) in Q2-2015, but was 0.4 per cent more than the Rs 203.97 crore (101.1 per cent of TIO) in Q1-2016.
A major expense head for the company is Content Fee and Royalty (CFR). OnMobile paid 41.3 per cent higher CFR in the current quarter at Rs 67.55 crore (32.6 per cent of TIO) as compared to the Rs 47.79 crore (23 per cent of TIO) in Q2-2015 and 5.9 per cent more than the Rs 63.76 crore (31.6 per cent of TIO) in Q1-2016.
The company’s Other sales and services cost declined 52.5 per cent to Rs 9.72 crore (4.7 per cent of TIO) in Q2-2016 as compared to the Rs 20.46 crore (9.9 per cent of TIO) in Q2-2015 and was 15.6 per cent lower than the Rs 11.52 crore (5.7 per cent of TIO) in the previous quarter.
OnMobile says that it has done a ‘Headcount optimization’ during the last financial year and quarter, which has resulted in a reduction of manpower cost. It says that its employee base at the end of Q2-2016 was 1,075. The company’s Employee Benefits Expense (EBE) in the current quarter declined 23.6 per cent to Rs 55.47 crore (26.8 per cent of TIO) in Q2-2016 as compared to the Rs 72.63 crore (35 per cent of TIO) in Q2-2015 and was 3.9 per cent less than the Rs 57.70 crore (28.6 per cent of TIO) in Q1-2016.
MUMBAI: It’s time to brief the markets: Page Industries is showing that even when regulations tighten, it can still keep its footing in the innerwear business. The Bengaluru-based apparel major has reported its financials for the quarter ended 31 December 2025, delivering a performance that remains steady and well put together.
The company’s top line showed plenty of elasticity this quarter. Revenue from operations stretched to Rs 1,38,675.71 lakhs, a healthy jump from the Rs 1,29,085.82 lakhs reported in the preceding quarter. Compared to the same period last year, which stood at Rs 1,31,305.10 lakhs, it’s clear the brand’s grip on the market isn’t loosening. Total income for the quarter, including other finance gains, reached a comfortable Rs 1,39,919.03 lakhs.
However, it wasn’t all smooth silk. The Government of India’s new unified Labour Codes, covering everything from wages to social security, officially kicked in on 21 November 2025. This regulatory shift forced Page Industries to account for a one-time “exceptional item” cost of Rs 3,500.42 lakhs to cover incremental employee benefits and related obligations. Despite this Rs 35-crore legislative snag, the underlying business remained robust. Profit before tax stood at Rs 25,625.35 lakhs after the exceptional hit, and without that one-off cost, the figure would have been a more muscular Rs 29,125.77 lakhs. Net profit for the quarter came in at Rs 18,953.64 lakhs.
Total expenses rose to Rs 1,10,793.26 lakhs, driven largely by raw material consumption of Rs 30,162.65 lakhs and employee benefits of Rs 23,310.66 lakhs. Even so, the company’s operational strength ensured the bottom line remained firmly stitched together.
For shareholders, the news is particularly “fitting.” The Board has declared a third interim dividend for 2025-26 of Rs 125 per equity share. The record date has been set for 11 February 2026, with the payment scheduled on or before 6 March 2026. This follows two previous interim dividends of Rs 150 and Rs 125 declared earlier in the financial year, reinforcing the company’s commitment to sharing the spoils of its success.
Looking at the nine-month stretch ending December 2025, Page Industries has amassed total income of Rs 4,04,090.59 lakhs, with total comprehensive income of Rs 58,231.49 lakhs. While the basic earnings per share for the quarter dipped slightly to Rs 169.93, compared to Rs 183.48 in the same quarter last year, the year-to-date EPS remains a solid Rs 524.57.
Auditors at S.R. Batliboi & Associates LLP have given the results a “limited review” thumbs up, reporting no material misstatements. It seems that, as far as Page Industries is concerned, the business remains as well-constructed as its famous Jockey briefs.
