wordpress blog stats
Connect with us

Hi, what are you looking for?

Results Digest: Moser Baer, Spice Mobile, Shyam Telecom

Moser Baer Reports Rs. 27.60 Million Profit For Q1-10

logo-moser-baer

Moser Baer has reported a standalone  net profit of Rs 27.60 million for the quarter ended June 30, 2009 as compared to net loss of Rs (1039.80) million for the quarter ended June 30, 2008. Total Income has increased to Rs 5634.00 million from Rs 4968.80 million for the quarter ended June 30, 2008. The company, which primarily manufactures optical storage media, reported a 12.96% decrease in consumption of raw materials, alongwith an increase in stock in trade/work in progress at Rs. 331.2 million, up from Rs. 127.8 million in Q1-09. Employee cost also rose 11.8 percent year on year.

During the quarter, Moser Baer signed an agreement with Philips ending a series of disputes in multiple jurisdications pertaining to recordable CDs and DVDs, and entered into a licensing agreement with Philips on recordable CDs and DVDs, with effect from Jan 1st 2009.

Details: Financials

Spice Mobile Reports Rs. 86 million Profit; STPL Owns 63.25%

Advertisement. Scroll to continue reading.

logo-spiceHandset Manufacturer Spice Mobile has reported a net profit of Rs. 86 million, as compared to a loss of Rs. 5 million reported for the same quarter last year. The company also reported a 42.83 percent year on year increase in revenue, at Rs. 1824 million, up from Rs. 1277 million for the same quarter last year. Stock in trade for the company declined 36% to Rs. 78 million. For the telecom segment, the company reported an EBITDA profit of Rs. 126 million for the quarter, as compared to a loss of Rs. 5 million reported in Q1-09.

According to the filing, Post completion of the acquisition of shares Spice Enfotainment Limited and Twenty First Century Capitals Limited, and from the public shareholders under the Open Offer, Spice Televentures Pvt. Ltd. (STPL), has increased its holding from 20.18% to 63.25% in the Company.

Details: Financials

logo-shyamShyam Telecom Profit Declines 84%

Telecom equipment and services company Shyam Telecom – not to be confused with Shyam Telelink which is now known as MTS – has reported an 84% decline in profit, from Rs. 10.16 million to Rs. 1.54 million. Sales were up:  at Rs. 678.44 million, up 20.17% year on year from Rs. 564.52 million. Consumption of raw materials for the company increase from Rs. 50.72 million in Q1-09 to Rs. 90.21 million in Q1-10, contributing to an 18% increase in total expenditure.

Their telecom segment reported an EBITDA profit of Rs. 30.82 million, up from Rs. 9.03 million in Q1-09, with revenue of Rs. 235.86 millon, almost doubling year on year.

Details: Financials

Advertisement. Scroll to continue reading.
Written By

Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Find out how people’s health data is understood to have value and who can benefit from that value.

News

The US and other countries' retreat from a laissez-faire approach to regulating markets presents India with a rare opportunity.

News

When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.

News

The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.

News

In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ