The Board of Directors of OnMobile Global Limited (''the Company'') at its meeting held on May 18, 2026, has considered and approved the audited financial results for the quarter and year ....
ONMOBILE · price
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OnMobile Global reported a consolidated loss of Rs 114.86 crore for FY26, significantly improved from Rs 405.41 crore loss in FY25. Consolidated revenue declined ~10% to Rs 5,168.50 crore from Rs 5,730.24 crore. The company took a massive Rs 521.40 crore impairment charge on financial assets (including Rs 468.40 crore from a terminated revenue contract with a specific party), impacting profitability. Other income surged to Rs 549.32 crore (vs Rs 52.69 crore), driven by unrealised foreign exchange gains of Rs 127.93 crore. Despite the impairment, operational performance improved with EBITDA turning positive before exceptional items. The auditor issued an unmodified (clean) opinion. The Board also appointed a new Independent Director and re-appointed Ernst & Young as internal auditors.
Revenue decline and large impairment charges signal stress in core mobile entertainment business, but the reduced net loss vs prior year and positive operating cash flow (Rs 872 crore) show operational turnaround. The stock may see muted reaction given ongoing losses despite improvement.