Don’t miss the latest developments in business and finance.

OnMobile Global surges on robust Q1 earnings

Shares of OnMObile Global were up 6% at Rs 21 after the company late Wednesday reported robust first quarter earnings helped by forex gains.

Image
SI Reporter Mumbai
Last Updated : Aug 01 2013 | 11:47 AM IST
Shares of OnMObile Global were up 6% at Rs 21 after the company late Wednesday reported robust first quarter earnings helped by forex gains.

The company reported consolidated net profit of Rs 14 crore for the quarter ended June 2013, up 47% compared with Rs 9.52 crore for the corresponding quarter last fiscal.

Net gains from foreign exchange transactions stood at Rs 9.91 crore for the quarter, the company said in a filing to the stock exchanges.

Also Read

However, total income from operations for the quarter under review was flat at Rs 189.68 crore compared with Rs 185.21 crore.

The stock had touched an intra-day high of Rs 21.65 on the BSE. Over 600,000 shares were traded on both the stock exchanges so far.

More From This Section

First Published: Aug 01 2013 | 11:46 AM IST

Next Story