wordpress blog stats
Connect with us

Hi, what are you looking for?

S Mobility Q2-FY12: Profits Down 77% YoY At Rs 12Cr

For the quarter ended 30th September 2011, S Mobility*’s total income was Rs 540.7  crore, an increase of  12.48% from its income in Q2FY11, when it had reported a total income of Rs 480.7 crore. Its net profits went down by more than 77% YoY to Rs 12 crore from Rs 54 crore that it registered during the same quarter, last year.

– The company’s mobile devices business reported a total revenue of Rs 478.4 crore, an increase of 11.8%. Segment result or Profit before tax and interest, for mobile devices was Rs 2.1 crore, a significant decline compared to Q2FY11 when it reported a profit of Rs 39.5 crore.

– The Services business segment reported net revenues of Rs 62.3 crore, a growth of 14.52% compared to Q2FY11 revenues of Rs 54.4 crore. The segment results for services was at Rs 8.3 crore,  a decrease from last year’s results which were at Rs 11.9 crore.

Download: Results


– According to a statement from the company, S Mobility has started investing in hiring and market expansion reflected in increased expenses in manpower, branding and administrative cost, to focus on the Mobile Internet space.

– A subsidiary  of the company has subscribed to 100% equity in S Retail Fze and it has been consolidated from the date of incorporation.

– The company has also subscribed for 100% equity in Spice VAS Zambia, which has not been consolidated, since there are no operations. Same is the case with S Mobility (HK).

– During the quarter, the company has reversed liability of a proposed dividend of Rs 6.2 crore for the year ended 31st March 2011, based on a waiver letter received from the trustees of Independent non-promoter trust.

Disclosure: Spice Digital is an advertiser with MediaNama.

You May Also Like


The Indian Newspaper Society has asked Google to compensate Indian newspapers “comprehensively” for their content and to share its advertising revenue, reported the Indian...


Digital news publishers will now have to notify the government of their operations, set up self-regulatory organisations and apply a complaints redressal mechanism, as...


The Australian government has blinked first. Facebook has negotiated amendments to Australia’s controversial “media bargaining code”, and has agreed to restore news content for...


In the quarter ended December 31, 2020, Info Edge India Ltd. saw recovery in Naukri and 99acres with traffic and engagement up over the...

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
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