Analysts' Picks: OnMobile Global.
>> Wednesday, November 19, 2008
It further adds that the delay in rollout of AdRBT and a slower VAS deployment by clients have further negatively impacted estimates. According to the report, the company reported a muted performance during Q2FY09 with net profit growing by 21% Q-o-Q to Rs 183.5 million as against Rs 151.7 million sequentially. “OGL also guided for a lower net margins down from earlier 20-22% to 20-21% for FY09e,” says the report.
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