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Geodesic Q2-FY12: Profits Down 29.5% At Rs 60 Crore; Product Deployments

geodesicGeodesic, a digital messaging and content solutions company, has reported consolidated net sales of Rs 240.85  crore for the quarter ended September 30th 2011 (Q2-FY12) , up around 13.20 % from Rs 212.76 crore reported for the same quarter last fiscal. Net Profit for the period was Rs 60.08 crore, a decline of  29.52% as compared to Rs 85.25 crore during the corresponding quarter last fiscal.

Downloads: Press Release | Financials

The company points out that an amount of Rs 35.30 crore under depreciation/amortization includes amortization of goodwill, thereby affecting consolidated profits.. The company registered a notional loss of Rs 29.27 crore due to the US dollar appreciating against the Rupee.

Product Updates

Messaging: Geodesic launched Mundu Universal Messenger, a cross platform messaging application that allows users to send text and voice messages integrated with the phone’s contacts.

Mundu TV: Launched Mundu TV app for Blackberry during the quarter. Also added 17 new channels including ones offering content from NY Times and Mumbai’s Bluefrog lounge.

GeoAmida: Launched new range of GeoAmida devices that integrate a QWERTY keypad, camera and a magnetic swipe reader for use in mobile payments space.

GPS Tracking System: Offered its GPS tracking system with video/still frames to provide security and traffic monitoring solution to Mumbai Police.

Software & Solutions agreements:

– Tied-up with China based hardware and software provider Shenzhen Geniatech to pre-load Mundi IM and Mundu Radio apps on its Android based TV set top box.
– Telecom operator Loop launched Smart Chat IM service based on Mundu.
– Partnership with Infosys to offer apps on Aircel’s app store.
– Partnership with Business Link Automation India to pre-bundle Mundu apps on their Skytel branded Android Tablet.
– Geodesic’s financial arms signed up ShareKhan, IndiaInfoline and iEngines as customersto offer investment, potfolio analyses and financial services solutions.
– Received orders for GeoAmida from Africam micro-payments provider Mobicash and biometric solutions provider Digital Persona.

Geodesic Group signed agreements with:

– FujiFilm Medical Systems: To integrate Geodesic’s instant messaging SDK  into its product for hospital employeesfor IM and video/voice chat.
– ASRT Corp: To pre-bundle Mundu IM and Mundu Radio on Android devices.

Anti Piracy Solutions: Implemented across 10 films including Bodyguard.

Chandamama: Geodesic launched Chandamama fors iPad and iPhone. Do read the AppNama review here.

Last quarter, Geodesic had announced plans to launch an education tablet device in the current fiscal.

How Geodesic Ltd Makes Money; Mundu TV ARPU, Anti-Piracy Plans
Geodesic To Launch Education Device
Geodesic Reports Rs 83.86 Cr Profit For Q1-FY12; Micromax-Mundu TV, Spokn, GeoAmida

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