OnMobile posts Rs 28.92 cr loss as other income turns negative
Operating profit was Rs 1.32 cr, but depreciation, interest, negative other income and a Rs 5.94 cr tax charge pushed the company into a loss.
Filed 11 Aug 2026, 23:06 IST · after market close · ONMOBILE (ONMOBILE)
Key takeaways
- Consolidated Q1FY27 ended with a net loss of Rs 28.92 cr, as depreciation, interest and negative other income outweighed Rs 1.32 cr of operating profit.
- Operating margin was only +1.08%, while other income was negative Rs 12.79 cr and the tax charge was Rs 5.94 cr.
- Management said it targets $3 million in monthly recurring revenue and plans to lift product EBITDA from 20% toward 25%.
Operating profit did not cover below-operating charges
OnMobile's consolidated Q1FY27 revenue converted into only Rs 1.32 cr of operating profit, leaving little buffer against depreciation of Rs 9.3 cr and interest of Rs 2.21 cr. Negative other income of Rs 12.79 cr further widened the pre-tax loss to Rs 22.98 cr. The Rs 5.94 cr tax charge then took net profit to a loss of Rs 28.92 cr.
Gaming grew as ONMO+ added launch costs
The company told investors that gaming revenue rose +2.4% quarter on quarter to INR 394 million, even as total Q1FY27 revenue fell -3.80% quarter on quarter to INR 1,241 million. Management said Q1FY27 EBITDA included expenses related to the ONMO+ launch. The presentation said ONMO+ launched through a Flipkart partnership on 26 June 2026, while the Smart Console is intended to expand distribution through four additional channels.
Targets focus on recurring revenue and product margins
Management said it is targeting $3 million in monthly recurring revenue and plans to raise product EBITDA from 20% toward 25%. The company said it is launching direct sales and fulfilment for the Smart Console, scaling marketing behind that initiative and holding advanced discussions with retail partner groups. The results were filed after market close, so there is no post-results market reaction to assess.
Q1FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹123 cr |
| Other income | ₹-13 cr |
| Expenses | ₹121 cr |
| Operating profit | ₹1 cr |
| Operating margin (%) | 1.08% |
| Interest | ₹2 cr |
| Depreciation | ₹9 cr |
| Profit before tax | ₹-23 cr |
| Tax | ₹6 cr |
| Net profit | ₹-29 cr |
| EPS (₹) | ₹-2.72 |
What management said
From the company’s own investor presentation. Each point is checked against the source document before it appears here.
This quarter
- Q1 FY27 gaming revenue increased 2.4% quarter on quarter to INR 394 million.
Guidance & outlook
- The company targets monthly recurring revenue of $3 million.
- Product EBITDA is planned to increase from 20% toward 25%.
Expansion
- The Smart Console is intended to expand distribution beyond mobile through four additional channels.
- The company is launching direct sales and fulfilment for the Smart Console.
New products
- The company launched the ONMO+ Smart Console through Flipkart on June 26, 2026.
New initiatives
- The company has advanced discussions with retail partner groups.
- The company is scaling marketing campaigns behind its direct sales initiative.
- The company launched ONMO+ through a partnership with Flipkart.
Problems & risks
- Q1 FY27 revenue declined 3.8% quarter on quarter to INR 1,241 million.
- Q1 FY27 EBITDA included expenses related to the ONMO+ launch.
What to watch
- Whether operating margin holds above +1.08% as ONMO+ launch costs are absorbed.
- Progress toward management's $3 million monthly recurring revenue target.
- Whether gaming revenue builds from INR 394 million as Smart Console distribution expands.