OnMobile Global Q1FY27 Revenue at ₹1,241 Mn, EBITDA at ₹15 Mn
OnMobile Global's Q1 FY27 revenue was ₹1,241 Mn, down 3.8% QoQ. EBITDA stood at ₹15 Mn, including ONMO+ launch expenses. The ONMO+ Smart Console launched on June 26, 2026, via Flipkart. Gaming revenue increased 2.4% QoQ to ₹394 Mn. Closing cash was ₹1,355 Mn.
The launch of a new product line (ONMO+ Smart Console) and expansion into the broader gaming market represents a significant strategic shift for the company. While current financial results show a QoQ decline, the long-term growth potential and market expansion efforts could have a substantial impact.
The company reported a year-on-year decline in revenue and EBITDA, but also launched a new product and saw growth in gaming revenue. The overall financial performance is mixed, leading to a neutral sentiment.
OnMobile Global Limited has released its investor presentation for the first quarter of FY 2026-27, ending June 30, 2026. The company reported a Gross Revenue of ₹1,241 million (Mn), a decrease of 3.8% quarter-on-quarter (QoQ). Gaming Revenue saw a modest increase of 2.4% QoQ, reaching ₹394 Mn.
EBITDA for the quarter stood at ₹15 Mn, which the company noted includes expenses related to the launch of its new product, ONMO+ Smart Console. The launch of the ONMO+ Smart Console through a partnership with Flipkart occurred on June 26, 2026. The company also mentioned advanced discussions with other retail partner groups.
OnMobile's product journey includes its new ONMO+ Smart Console, positioned as a next-generation console for everyone, offering console-grade gaming without a high upfront cost and playable on any screen. This move expands OnMobile's focus from mobile gaming to the broader gaming market, targeting console and PC gaming which constitutes approximately 50% of the market. The company aims to reach $3 million in Monthly Recurring Revenue (MRR) for its gaming products and has a target of 20-25% EBITDA for its product division.
The company's financial summary also shows a Profit After Tax (PAT) of ₹-289 Mn for Q1 FY27, impacted by severance costs of ₹141 Mn. The closing cash balance for the quarter was ₹1,355 Mn.
OnMobile is strategically expanding its distribution channels beyond mobile operators to include e-commerce (like Flipkart), retail stores, broadband/ISPs, Smart TVs & Set-Top Boxes, and its own direct-to-consumer (D2C) channels. The company highlights the attractive opportunity in the console/PC gaming market due to its untapped potential, higher ARPUs, stronger retention, and brand elevation.
Financially, the company reported Gross Revenue of ₹1,241 Mn for Q1 FY27, down from ₹1,290 Mn in Q4 FY26. EBITDA was ₹15 Mn compared to ₹65 Mn in the previous quarter. The P&L statement shows a Profit After Tax of ₹-289 Mn for Q1 FY27, compared to ₹-365 Mn in Q4 FY26. The company's balance sheet shows Shareholders' Funds at ₹5,855 Mn and Cash and Cash Equivalents at ₹1,355 Mn as of June 2026.
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OnMobile Global Limited filed this with the NSE as a statutory disclosure, categorised under other company updates. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by OnMobile Global Limited. Read the original for the full detail.