OnMobile Global Limited

Financial Results for the quarter ended June 30, 2008

Amount in Rs. Lakhs except earnings per

share and public shareholding data
Quarter ended June Quarter ended
30, 2008/ June 30, 2007/
Year to Date Year to Date Year ended
June 30,2008 June 30,2007 March 31, 2008
Sl. No Particulars (Unaudited) (Audited) (Audited)
1 Net Sales/ Income from Operations
(a) Telecom Value Added Services 6,382 4,741 22,726
(b) Other services 74 24 350
6,456 4,765 23,076

2 Other Income 821 262 689

Total Revenue 7,277 5,027 23,765

3 Expenditure
(a) Cost of sales & services
- Content fee & royalty 753 522 2,307
- Other sales & services expenditure 256 272 1,241
(b) Employee cost 1,695 1,131 5,132
(c) Depreciation 892 430 2,492
(d) Other Expenditure 1,741 904 5,225

Total Expenditure 5,337 3,259 16,397

4 Interest - 1 171

5 Profit before Tax for the period(1+2-3-4) 1,940 1,767 7,197

6 Tax expense
(a) Current Tax 490 612 2,109
(b) Earlier year provision - - 69
(c) Deferred Tax (37) (65) 150
(d) Fringe Benefit Tax 38 32 112
491 579 2,440

7 Net Profit for the period (5-6) 1,450 1,188 4,757

8 Paid up equity share capital (Face value of Rs 10/- each) 5,771 370 5,741
9 Reserves excluding revaluation reserves - - 53,646
10 Earnings per share (in Rs) (not annualised)
(a) Basic 3 3 10
(b) Diluted 2 3 9
11 Public Shareholding
- Number of shares 24,682,492 Note 2 24,382,322
- Percentage of shareholding 42.77 Note 2 42.47
Notes

1 The above results have been reviewed by the Audit Committee, taken on record by the Board of Directors at its meeting held on July 31, 2008 and
have been reviewed by the auditors.

2 In February 2008, the Company issued and allotted 8,613,356 equity shares of Rs.10/- each at a premium of Rs. 430/- per share as a part of Initial
Public Offer and got its shares listed with BSE and NSE with effect from February 19, 2008 and thus public shareholding as at June 30, 2007 is not
applicable.

3 The details of utilisation of Net IPO proceeds are as under:

Amount in Rs. Lakhs
Categories as defined in the Prospectus Projection in Actual funds utilized
Prospectus till June 30, 2008
Purchase of equipments for offices at Bangalore, Mumbai
and Delhi and various customer sites 18,052 2,914
Working Capital requirements 500 500
Repayment of loan 3,500 3,500
General Corporate purposes 13,393 2,599
Total 35,445 9,513
The proceeds from IPO (Net of Share Issue Expenses) was Rs. 35,356 lakhs. The unutilized funds as at June 30, 2008 have been temporarily
invested in short term investments.

4 Information on investor complaints pursuant to clause 41 of the Listing agreement for the quarter ended June 30, 2008 :

Nature of Investor complaints Opening Balance Additions Disposal Closing Balance

Allotment/ Refund/Transfer/others - 240 240 -

5 The Company has vide resolution of the Board of directors dated April 30, 2008 and the share purchase agreements signed by and between the
Company, the shareholders and founders of Telisma SA ("Telisma") on July 1, 2008 acquired 100% equity share capital of Telisma for a maximum
consideration of Rs. 8,437 lakhs.

6 The Company is engaged in providing value added services in telecom business and its operations are considered to constitute a single segment in
the context of Accounting Standard 17 - “Segment Reporting”.

7 Previous period figures have been reclassified/ regrouped wherever necessary.

on behalf of Board of Directors

Arvind Rao
Chief Executive Officer and
Managing Director

Place: Bangalore
Date: July 31, 2008
 OnMobile Global Limited

Consolidated Financial Results for the quarter ended June 30, 2008

Amount in Rs. Lakhs except earnings

per share and public shareholding data

Quarter ended
June 30, 2008/
Year to Date Year ended
June 30, 2008 March 31, 2008
Sl. No Particulars (Unaudited) (Audited)
1 Net Sales/ Income from Operations
(a) Telecom Value Added Services 7,483 24,595
(b) Other services 302 1,587
7,785 26,182

2 Other Income 849 747

Total Revenue 8,634 26,928

3 Expenditure
(a) Cost of sales & services
- Content fee & royalty 759 2,318
- Other sales & services expenditure 600 1,565
(b) Employee cost 2,441 6,420
(c) Depreciation 918 2,556
(d) Other Expenditure 1,896 5,396

Total Expenditure 6,614 18,255

4 Interest - 171

5 Profit before Tax for the period(1+2-3-4) 2,020 8,503

6 Tax expense
(a) Current Tax 502 2,145
(b) Earlier year provision - 69
(c) Deferred Tax (37) 148
(d) Fringe Benefit Tax 38 110
503 2,472

7 Net Profit for the period (5-6) 1,517 6,031

8 Paid up equity share capital (Face value of Rs 10/- each) 5,771 5,741
9 Reserves excluding revaluation reserves - 55,355
10 Earnings per share (in Rs) (not annualised)
(a) Basic 3 13
(b) Diluted 3 12
11 Public Shareholding
- Number of shares 24,682,492 24,382,322
- Percentage of shareholding 42.77 42.47
Notes

1 The above results have been reviewed by the Audit Committee, taken on record by the Board of Directors at its meeting held on July 31, 2008 and
have been reviewed by the auditors. The results of the company's subsidiaries other than OnMobile Australia Pty Limited, PT OnMobile Indonesia
and Phonetize Solutions Private Limited for the quarter ended June 30, 2008 have been reviewed by the auditors of the respective subsidiaries.

2 In February 2008, the Company issued and allotted 8,613,356 equity shares of Rs. 10/- each at a premium of Rs. 430/- per share as a part of Initial
Public Offer and got its shares listed with BSE and NSE with effect from February 19, 2008. Hence the figures for the corresponding quarter ended
June 30, 2007 have not been prepared and consequently have not been given in the above financial results.

3 The details of utilisation of Net IPO proceeds are as under:

Amount in Rs. Lakhs
Categories as defined in the Prospectus Projection in Actual funds utilized
Prospectus till
June 30, 2008

Purchase of equipments for offices at Bangalore, Mumbai

and Delhi and various customer sites 18,052 2,914
Working Capital requirements 500 500
Repayment of loan 3,500 3,500
General Corporate purposes 13,393 2,599
Total 35,445 9,513
The proceeds from IPO (Net of Share Issue Expenses) was Rs. 35,356 lakhs. The unutilized funds as at June 30, 2008 have been temporarily
invested in short term investments.

4 Information on investor complaints pursuant to clause 41 of the Listing agreement for the quarter ended June 30, 2008 :
Nature of Investor complaints Opening Balance Additions Disposal Closing Balance
Allotment/ Refund/Transfer/others - 240 240 -

5 The Company has vide resolution of the Board of directors dated April 30, 2008 and the share purchase agreements signed by and between the
Company, the shareholders and founders of Telisma SA ("Telisma") on July 1, 2008 acquired 100% equity share capital of Telisma for a maximum
consideration of Rs. 8,437 lakhs.

6 One of the subsidiary changed its revenue recognition on service contracts from completed contract method to percentage completion method with
effect from April 1, 2008. Consequently, revenue for the quarter ended June 30, 2008 is higher by Rs.131 lakhs but the impact on profits for the
quarter is not quantifiable.

7 The Company is engaged in providing value added services in telecom business and its operations are considered to constitute a single segment in
the context of Accounting Standard 17 - “Segment Reporting”.

8 Previous period figures have been reclassified/ regrouped wherever necessary.

9 The standalone financial results for the quarter ended June 30, 2008 is available at www.onmobile.com.

on behalf of Board of Directors

Arvind Rao
Chief Executive Officer and
Managing Director

Place: Bangalore
Date: July 31, 2008