OnMobile Q1 FY27: Gaming grows, Smart Console opens new channels
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Gross revenue was INR 1,241 million (INR 124.1 crore), down 3.8% quarter on quarter.
Gaming revenue was INR 394 million (INR 39.4 crore), up 2.4% quarter on quarter. Gaming represented 32% of Q1 FY27 gross revenue mix.
EBITDA was INR 15 million (INR 1.5 crore) and included ONMO+ launch expenses. Profit after tax was a loss of INR 289 million (INR 28.9 crore), including severance cost of INR 141 million (INR 14.1 crore).
ONMO+ Smart Console launched on 26 June 2026 through a partnership with Flipkart.
Management said it is negotiating with large retailer groups and is planning store rollout by the Diwali festive season, targeting readiness by October 2026.
The presentation indicated Spain expansion in December 2026 and other geographies in 2027; management also discussed executing Spain retail plans alongside India.
Closing cash and cash equivalents were INR 1,355 million (INR 135.5 crore), down from INR 1,420 million (INR 142.0 crore) in Q4 FY26, mainly due to ONMO+ investment and repayment of borrowings.
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