OnMobile Global’s India revenue declined 20.1 percent to Rs 644 million in the first quarter of fiscal 2014.
The VAS major on Wednesday said TRAI regulations have negatively impacted its India revenue.
OnMobile revenue contribution from domestic business declined to 34 percent in Q1 FY 2014 from 43.5 percent in Q1 last fiscal.
The mobile VAS solutions provider said its total revenue increased 2.4 percent to Rs 1,897 million.
International business revenue increased 19.8 percent to Rs 1,253 million. Overseas contribution increased to 66 percent from 56.5 percent, OnMobile said on Wednesday.
International revenue was primarily driven by LATAM, which recorded 49.5 percent growth due to the company’s past investments.
African and European businesses posted revenue growth of 28.2 percent and 12.5 percent, respectively.
OnMobile’s net profit increased 47.6 percent Rs 140 million.
Meanwhile, OnMobile says TRAI’s latest guidelines are expected to impact its revenue.
The moderate impact is expected due to user experience and technical challenges related to second confirmation from a third-party consent gateway system.
Telecom regulator TRAI had mandated double confirmation for activation of VAS services, across channels with the second-confirmation to happen through a consent gateway operated by third parties since 11 July, 2013.
EBITDA normalized for forex impact grew 14.2 percent to `419 million at 22.1 percent margin
