Onmobile Net Profit Dips by 82% in Q4 2012

OnMobile net profit in the fourth quarter has declined by 82% from ` 269 mn in Q4 2011 to ` 48 mn in this quarter. Revenue for the fiscal quarter was ` 1,776 mn, a 33% increase versus the comparable period a year ago. Revenue at the end of the Q4 FY11 stood at ` 1,333 mn. OnMobile’s net profit has declined by 7% in FY12, from ` 892 mn in FY11 to

` 831 mn this fiscal. OnMobile plans to share a dividend of ` 1 per fully paid up equity share of ` 10 each, aggregating to ` 133.7 mn, including dividend distribution tax, subject to approval of shareholders.