OnMobile Global announced that the Board of Directors of the Company at its meeting held on 24 May 2019, has recommended a Final dividend of Rs.1.5 per share (i.e.15%), subject to the approval of the shareholders.

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Net profit of OnMobile Global declined 48.26% to Rs 2.23 crore in the quarter ended March 2019 as against Rs 4.31 crore during the previous quarter ended March 2018. Sales declined 3.31% to Rs 143.29 crore in the quarter ended March 2019 as against Rs 148.20 crore during the previous quarter ended March 2018.

For the full year,net profit rose 66.52% to Rs 18.90 crore in the year ended March 2019 as against Rs 11.35 crore during the previous year ended March 2018. Sales declined 6.57% to Rs 593.86 crore in the year ended March 2019 as against Rs 635.61 crore during the previous year ended March 2018.

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OnMobile Global will hold a meeting of the Board of Directors of the Company on 24 May 2019.

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OnMobile Global Ltd rose 6.76% today to trade at Rs 39.5. The S&P BSE Telecom index is up 0.78% to quote at 984.02. The index is down 6.78 % over last one month. Among the other constituents of the index, Reliance Communications Ltd increased 4.68% and Bharti Infratel Ltd added 2.5% on the day. The S&P BSE Telecom index went down 23.85 % over last one year compared to the 10.77% surge in benchmark SENSEX.

OnMobile Global Ltd has lost 11.14% over last one month compared to 6.78% fall in S&P BSE Telecom index and 0.24% drop in the SENSEX. On the BSE, 50 shares were traded in the counter so far compared with average daily volumes of 14954 shares in the past one month. The stock hit a record high of Rs 49.5 on 16 Apr 2019. The stock hit a 52-week low of Rs 27.25 on 18 Feb 2019.

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