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 ....
ONMOBILE · price
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OnMobile Global reported a consolidated net loss of ₹114.86 million for FY26 (vs loss of ₹405.41 million in FY25), with total income of ₹5,717.82 million, down from ₹5,782.93 million. Standalone loss was ₹35.49 million. Revenue declined year-over-year due to business headwinds. The company took a major impairment charge of ₹521.40 million on financial assets (consolidated), including ₹468.40 million from a specific party whose revenue contract was terminated during the year. Q4 standalone showed a particularly steep loss of ₹399.33 million due to the impairment. Despite the loss, consolidated cash position strengthened to ₹842.51 million (vs ₹296.88 million), and operating cash flow turned positive at ₹872.47 million. The board also appointed Leo Matthew Olebe as an Additional Independent Director for 5 years (subject to shareholder approval) and re-appointed EY LLP as internal auditors for FY27.
The stock may face pressure due to full-year losses and revenue decline, though the large impairment is a one-time charge. The strengthened cash position and positive operating cash flow provide some comfort. Shareholder approval needed for the new independent director appointment.