OnMobile Global Ltd

Q4 FY25Media

OnMobile Global Q4 FY25 Results & Concall Highlights

Q4 FY25 earnings call: what management guided on revenue, margins and order book.

Price₹57

Market cap₹778 Cr

Updated23 Aug 2026

Read4 min read

The short version

Gaming business expected to grow around 50% in FY '26 with a target to reach a run rate of INR 2 million in monthly recurring revenue within 12-18 months (Page 4). Gaming business expected to grow ~50% in FY26, driving overall revenue growth (Page 4).

From OnMobile Global Ltd's Q4 FY25 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

Gaming business expected to grow around 50% in FY '26 with a target to reach a run rate of INR 2 million in monthly recurring revenue within 12-18 months (Page 4).
Mobile entertainment business targeting about 5% growth in FY '26, with two significant Tones launches planned in the first two quarters (Pages 12-13).
New premium entertainment services discussions ongoing with a large European telco, expected to contribute to growth (Page 4).
OnGaming subscription revenue run rate at about USD 15.5-16 million annually as of March, showing strong growth potential (Page 9).
New license-based revenue streams from the gaming platform expected to add growth (Page 4).
Overall company revenue rose 11.5% in FY '25, driven mainly by gaming; focus remains on growing cash and revenues steadily (Pages 2-3).

Profitability & Margins

Gaming business expected to grow ~50% in FY26, driving overall revenue growth (Page 4).
Traditional mobile entertainment business expected to grow modestly by ~5% in FY26 (Page 7).
EBITDA margin expected to reach double digits (around 10%) consolidated level in FY26 (Page 7).
Gaming division targeted to achieve 20% EBITDA margins by FY27, contingent on scale and new customer onboarding efficiencies (Page 8).
CapEx on gaming product innovation to be limited to below $1 million in FY26, focusing on leveraging past investments for revenue growth (Page 7 & 9).
Focus on cash generation and profitability from gaming unit alongside continuous investment in product innovation (Pages 2 & 16).
New contracts and services launches in mobile entertainment and tones anticipated to contribute to revenue growth from FY26 onwards (Pages 4, 11, 12).

See what OnMobile Global Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capitalized investment in gaming is being drastically reduced; FY25 capitalization was INR 10.6 crores (~USD 1.35 million), down from INR 64 crores (~USD 7 million) in FY24.
Going forward, capitalization is expected to stay below USD 1 million per year, focusing more on operational investment rather than heavy capital expenditure.
Investment strategy has shifted to staged deployment of CapEx over 12-18 months to align with secured contracts, avoiding large upfront infrastructure spending.
The company plans to leverage the existing gaming investment (~INR 240-250 crores capitalized over past 4-5 years) to grow revenues rather than making large new capital investments.
No immediate large QIP planned; fundraising for CapEx and M&A opportunities is staged due to market conditions to avoid dilution.
Focus on converting dormant assets into cash and improving cash generation while carefully managing capex and investments.
Strategic investments like partnership with DeOSphere for advanced gaming platform underway to drive future revenue growth.

Top-ranked in Media

Ranked on what management guided this quarter

5x potential

1Toss The Coin₹36 Cr

Rev 1Mar 3

2Bright Outdoor Media Ltd₹764 Cr

Rev 2Mar 1

3₹1.5K Cr

Rev 2Mar 2

4₹59 Cr

Rev 2Mar 3

5₹47 Cr

Rev 2Mar 3

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

No immediate need for new fundraising as cash position is increasing steadily.
Originally planned a $30 million QIP for M&A and CapEx but currently on hold due to market conditions and valuation concerns.
Preference for staging deployments and securing contracts carefully rather than immediate large capital raise.
Dilution is avoided at current valuations (~₹45-50), deemed unfavorable for shareholders.
Possibility of rights issue or QIP considered only if terms are right and market conditions improve.
Management prioritizes generating cash internally and optimizing asset utilization before raising new funds.
Will consider fundraising opportunistically in the future but no active plans now.

See what OnMobile Global Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The company is currently live with 31 customers in the Tones business.
Several new sign-ups have occurred over the last 12 months and are under deployment.
Expectation to have at least 2 significant new customers going live in the first two quarters of the next year.
Revenue share renegotiations with existing customers are underway to achieve growth.
The mobile entertainment vertical aims for about 5% growth, with Tones business expected to arrest previous degrowth and grow with new launches and expansion.
The company is working on interesting contracts in gaming and operator side but is cautious about upfront investments versus cash generation, staging deployment over 12 to 18 months.
No exact order book value disclosed, but ongoing deployment and pipeline contracts suggest active business growth.

OnMobile Global Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹128 Cr, net loss ₹37 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What OnMobile Global Ltd's management said in earlier quarters

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Frequently Asked Questions

What were OnMobile Global Ltd Q4 FY25 results?

What is OnMobile Global Ltd share price analysis?

OnMobile Global Ltd currently shows a neutral. The stock trades at a P/E of N/A with a market cap of ₹778 Cr. Investors should review the full earnings analysis for detailed insights.

Is OnMobile Global Ltd planning capital expenditure?

Capitalized investment in gaming is being drastically reduced; FY25 capitalization was INR 10.6 crores (~USD 1.35 million), down from INR 64 crores (~USD 7 million) in FY24.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.