OnMobile Q1FY27: Gaming Revenue Up 2.4% QoQ to ₹394 Mn; ONMO+ Console Launched
OnMobile Global Limited reported Q1FY27 results. Gaming revenue reached ₹394 Mn, up 2.4% QoQ. Total revenue was ₹1,241 Mn, down 3.8% QoQ. EBITDA was ₹15 Mn, including ONMO+ launch costs. The ONMO+ Smart Console was launched on June 26, 2026, via Flipkart. Closing cash was ₹1,355 Mn.
The launch of a new product like the ONMO+ Smart Console through a major partner like Flipkart has the potential to expand the company's market reach and revenue streams. While the immediate financial impact is mixed, the strategic move suggests future growth opportunities.
The company launched a new product and saw growth in gaming revenue, which is positive. However, total revenue decreased QoQ, and EBITDA was impacted by launch expenses, leading to a neutral sentiment.
OnMobile Global Limited announced its financial results for the First Quarter of Fiscal Year 2027, ended June 30, 2026. The company launched its ONMO+ Smart Console through a partnership with Flipkart on June 26, 2026. Gaming revenue for Q1FY27 stood at ₹394 million (39.4 crore), showing a 2.4% increase quarter-over-quarter. The company's total revenue for Q1FY27 was ₹1,241 million (124.1 crore), a decrease of 3.8% QoQ. EBITDA for the quarter was ₹15 million (1.5 crore), which included expenses related to the ONMO+ launch. The closing cash balance at the end of Q1FY27 was ₹1,355 million (135.5 crore).
Bikram Singh Sherawat, President & COO, commented on the launch of ONMO Plus, marking OnMobile's entry into the console gaming market in India via Flipkart, expanding its reach beyond telecom into e-commerce, broadband, and retail. He noted the growth in gaming revenue and plans to explore new marketing channels, while the Tones business remained steady with a focus on efficiency. He expressed confidence in converting the pipeline and driving sustainable growth.
Radhika Venugopal, Global CFO, highlighted that the ONMO+ Smart Console launch and a strong pipeline position the company for growth. The focus remains on improving profitability, sustainable EBITDA growth, and stronger cash generation. She expects increasing operating leverage to drive efficiency as the gaming business scales and expressed confidence in delivering sustainable growth and long-term shareholder value.
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OnMobile Global Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. 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.