Onmobile Global hit the roof on the back of its good numbers for Q1FY14. The company’s net revenue, YoY was up 2.4% and 3% (QoQ) at Rs.190 crore. Its EBITDA rose 44.4% at Rs.52 crore and margins came in at 27.3%. Its Net Profit increased 47.6% at Rs.14 crore, with NPM coming in at 7.4%. During the quarter the company also had a net forex gain of Rs.10 crore. Its income was driven mainly by international business, mainly driven by LATAM, which recorded a strong growth of 49.5% (YoY) and 7% (QoQ). Africa grew  28% on YoY and Europe grew 12%. Domestic business declined 20% (YoY) and down 3.5% (QoQ) and this, the company has blamed on the implementation of the TRAI regulations. Contribution of domestic revenue which was at 43% in Q4, fell to 34% in current Q1.

The company has won a major deal with MTN for provision of RBT services across 21 countries and it expects revenue to be around $80-$120 million over 5 years. This revenue share model has no up-front fee or minimum guarantee. The company has completed the acquisition process of LiveWire Mobile on July 19, 2013 and has initiated integration efforts. On 11^th July, TRAI mandated double confirmation for activation of VAS services, across channels with the second-confirmation to happen through a consent gateway operated by third parties. The company expects this ruling to have a moderate impact on the company due to user experience and technical challenges related to second confirmation from a third-party consent gateway system.