OnMobile Global gains after turnaround Q1 result

OnMobile Global rose 3.11% to Rs 117.65 at 15:19 IST on BSE after the company reported consolidated net profit of Rs 9.33 crore for Q1 June 2016 as against net loss of Rs 6.57 crore for Q1 June 2015.

The result was announced on Saturday, 30 July 2016.

Meanwhile, the S&P BSE Sensex was down 42.98 points or 0.15% at 28,008.88.

On BSE, so far 1.27 lakh shares were traded in the counter as against average daily volume of 87,887 shares in the past one quarter. The stock hit a high of Rs 121 and a low of Rs 116.30 so far during the day. The stock had hit a 52-week high of Rs 140.80 on 1 December 2015. The stock had hit a 52-week low of Rs 68.80 on 25 August 2015. The stock had outperformed the market over the past one month till 29 July 2016, rising 16.13% compared with 4.9% rise in the Sensex. The scrip underperformed the market in past one quarter, falling 1.72% as against Sensex's 9.55% rise.

The small-cap company has equity capital of Rs 109.64 crore. Face value per share is Rs 10.

OnMobile Global's consolidated net sales declined 6.5% to Rs 188.61 crore in Q1 June 2016 over Q1 June 2015.

OnMobile Global, headquartered in Bangalore and with offices across the globe, delivers over 500 million music plays daily to mobile users worldwide.

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