OnMobile's Profit Turns to Loss in September Quarter

OnMobile, a mobile gaming and entertainment company, reported a consolidated loss of Rs 12 crore in the September quarter, compared to a Rs 8.5 crore profit in the same period last year. Revenue from operations declined by approximately 3% to Rs 129.3 crore.

Mobile gaming and entertainment giant OnMobile has reported a consolidated loss of Rs 12 crore for the September quarter, as revealed in their latest financial disclosure on Tuesday.

This marks a significant downturn from the Rs 8.5 crore profit the company achieved in the corresponding period a year ago.

Moreover, OnMobile's consolidated revenue from operations saw a decline of approximately 3%, decreasing to Rs 129.3 crore from Rs 133.76 crore recorded the previous year.