| Market Cap | ₹557.76 CrSmall Cap |
|---|---|
| TTM Revenue | ₹514.28 CrTelecom Services |
| Promoter Holding | 47.88%Stable QoQ |
| 1-Year Return | -28.88%Price Performance |
| Execution period | Three years from the Effective Date |
Key highlights
- Three-year distribution agreement signed with Savex Technologies on October 28, 2026
- Focuses on the ONMO+ Smart Console gaming hardware and bundled digital services
- Covers large format retail, regional retail, e-commerce, and quick-commerce channels
- Transition from existing online presence to a nationwide physical retail footprint
- Arrangement operates on a stock-and-sale basis with purchase-order based consideration
National Retail Footprint for Gaming Hardware
OnMobile Global's agreement with Savex Technologies marks a significant shift in its distribution strategy for the ONMO+ Smart Console. By partnering with an established national distributor of technology and consumer electronics, the company is moving its gaming hardware and bundled digital services beyond its existing online presence. The arrangement will facilitate availability through authorized large format retail (LFR) and regional retail chains across India.
This physical retail expansion follows a series of recent moves, including a partnership with Poorvika Mobiles on October 16, 2026, and a wholesale supply agreement with Flipkart India initiated in April 2026, signaling a concerted effort to capture a broader consumer base.
Terms of the Distribution Agreement
- Agreement term is fixed for three years from the Effective Date
- Savex Technologies will manage distribution on a stock-and-sale model
- Sales channels include e-commerce and rapidly growing quick-commerce platforms
- Consideration is tied directly to purchase orders placed under the agreement
- The partnership is designated as a commercial agreement at arm's length
Revenue Targets and Financial Context
The tie-up comes as OnMobile Global pursues aggressive growth in its mobile gaming segment, with management previously guiding for 50% revenue growth in this vertical for FY27. For the quarter ended June 30, 2026, the company reported an operating revenue of ₹122.76 crore, a slight year-on-year decline of 2.05%. The period also saw a net loss of ₹28.83 crore, contrasting with the operating profit margin of 1.08%.
This new distribution layer via Savex is intended to support the company's objective of reaching $2 million in monthly recurring revenue from gaming subscriptions within the next three to four quarters, utilizing a wider omnichannel approach.
| Date | Announcement | Amount |
|---|---|---|
| 16 Oct 2026 | Retail distribution partnership with Poorvika Mobiles to sell ONMO+ Smart Console across offline stores and poorvika.comSource: kalkine.co.in | – |
| 20 Apr 2026 | Three-year wholesale supply agreement with Flipkart India to distribute gaming hardware and digital services ecosystemSource: BSE filing | – |
| 22 Sep 2025 | Strategic partnership with Dialog Axiata PLC as Master Aggregator for its Value-Added Services (VAS) portfolioSource: onmobile.com | – |
| 21 Aug 2025 | Strategic partnership with Vodafone Qatar to launch the Buzzmo intelligent communication and enterprise engagement platformSource: onmobile.com | – |
| 04 Feb 2025 | Sales representation agreement between subsidiary ONMO Inc. and Sirwel Inc. to source major gaming contractsSource: NSE filing | – |
| 11 Nov 2024 | Partnership with DeOSphere to deploy an edge gaming and AI network leasing a minimum of 30 Points of Presence (POPs)Source: onmobile.com | – |
What to watch next
- Management conference call for Q2 FY27 financial performance on October 29, 2026
- Progress toward the target of $2 million in gaming subscription monthly recurring revenue
- Expansion of ONMO+ Smart Console inventory across quick-commerce platforms
- Realization of the 50% revenue growth target for the mobile gaming segment in FY27
| Share price | ₹52.46 |
|---|---|
| Market capitalisation | ₹557.76 Cr |
| Revenue (annual) | ₹516.85 Cr |
| Net profit (annual) | -₹11.27 Cr |
| Revenue (latest quarter) | ₹122.76 Cr-3.85% vs previous quarter |
| Net profit (latest quarter) | -₹28.83 Cr+21.10% vs previous quarter |
| P/E (TTM) | -10×Sector 36.37× |
| Promoter holding | 47.88%-0.02% QoQ |
| FII holding | 0.19%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by OnMobile Global Limited announcing a distribution agreement with Savex Technologies Private Limited. Market figures from a third-party data provider.
