wordpress blog stats
Connect with us

Hi, what are you looking for?

S Mobility Q4-FY12: Rs 19.8 Crore Net Loss; Revenue At Rs 653.3 Crore

S Mobility* has reported a total income of Rs 553.3 crores for the quarter ended 31st March 2012, a decrease of 10.4% from its income in Q3FY12 and 4.81% growth from its income in Q4FY11. It reported a net loss of Rs 19.8 crores, compared to a loss of Rs 17.9 crore in Q3FY12 and Rs 19.1 crore profit in Q4FY11.

The company’s mobile devices segment reported a total revenue of Rs 497.5 crore, a decline of 10.6% from Q3FY12 and an increase of 6.05% from Q4FY11. Segment result or Loss before tax and interest, for mobile devices was Rs 22.9 crore, compared to Rs 26.9 crore loss in Q3FY12 and Rs 2.4 crore profit in Q4FY11.

The company’s services business reported a total revenue of Rs 55.8 crore, a 8.07% decline from Q3FY12 and a 5.74% decline from Q4FY11. The segment result or profit before tax and interest, for services was Rs 0.3 crore, a decline from Rs 1.2 crore profit in Q3FY12 and Rs 17 crore profit in Q4FY11.

Download – Report

Highlights:

– To focus on the Mobile Internet space, the company has started investing in hiring and market expansion which is reflected in increased expenses in manpower, branding and administrative cost.

Advertisement. Scroll to continue reading.

– The results are independent of the amalgamation of Spice Distribution with Spice Retail which awaits the approval of the High Court.

– A subsidiary of the company has acquired 49% equity in S Retail General Trading LLC and this company has been consolidated from the date of acquisition.

– The company has changed its financial year from 12 months to 15 months and the current financial year will end on 30th June 2012.

Disclosure: Spice Digital is an advertiser with MediaNama.

Advertisement. Scroll to continue reading.
Written By

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

Views

News

While the market reality of popular crypto-assets like Bitcoin may undergo little change, the same can't be said for stablecoins.

News

Bringing transactions related to crypto-assets within the tax net could make matters less fuzzy.

News

Loopholes in FEMA and the decentralised nature of crypto-assets point to a need for effective regulations.

News

The need of the hour is for lawmakers to understand the systems that are amplifying harmful content.

News

For drone delivery to become a reality, a permissive regulatory regime is a prerequisite.

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