OnMobile Global hits the roof

Onmobile Global is up and about today. The stock opened higher and is currently at Rs.21.65, up 10% and frozen on the upper circuit. The stock had hit a new 52-week low yesterday at Rs.19.20.

The stock hit the roof on the back of its good numbers for Q1FY14. The company’s net revenue, YoY was up 2.4% at Rs.190 crore. Its EBITDA rose 44.4% at Rs.52 crore and margins came in at 27.3%. Its Net Profit increased 47.6% at Rs.14 crore, with NPM coming in at 7.4%.