The Board of Directors of OnMobile Global Limited ("the Company") at its meeting held on Monday, May 18, 2026 in Bangalore, through zoom video conference, has inter alia, considered and approved audited financial results as per IND-AS for the quarter and financial year ended March 31, 2026. A copy of the audited financial results (Standalone and Consolidated) along with the Audit report under Regulation 33 of SEBI Listing Regulations is enclosed.The meeting of the Board of Directors commenced at 08:30 PM IST and concluded at 10.30 PM IST
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OnMobile Global reported consolidated total income of Rs. 5,717.82 million for FY26, down from Rs. 5,782.93 million in FY25, while standalone income fell to Rs. 2,217.70 million from Rs. 2,498.48 million. The company posted consolidated net loss of Rs. 114.86 million, significantly narrowing from Rs. 405.41 million loss in the prior year, but standalone net loss was Rs. 35.49 million versus profit of Rs. 84.45 million last year. A massive Rs. 521.40 million impairment loss was recognized (consolidated), including Rs. 468.40 million from a specific party whose revenue contract was terminated during the year. B S R & Co. LLP issued an unmodified audit opinion. The Board also appointed Leo Matthew Olebe as an Independent Director.
The company shows improvement in consolidated losses but standalone operations turned loss-making with revenue declining approximately 25% year-on-year. The large impairment from a terminated contract signals significant concentration risk. Shareholders should monitor the company's ability to arrest revenue decline and return to profitability.