S Mobility* has reported a total income of Rs 511.5 crore for the quarter ended 30th June 2012, recording a 7.55% decrease from Rs 553.3 crore income in the previous quarter and a 2.68% decline from Rs 525.6 crore in the corresponding quarter last year. It reported a net loss of Rs 3.7 crore during the quarter, compared to Rs 19.8 crore loss in the previous quarter but a sharp decline from Rs 24.2 crore profit in the corresponding quarter last year.
The company’s mobile devices segment reported a total revenue of Rs 453.9 crore, a 8.76% decline from Rs 497.5 crore in Q4FY12 and 2.6% from Rs 466 crore in Q1FY12. Segment result or Loss before tax and interest, for mobile devices was Rs 14.9 crore, up from Rs 22.9 crore loss in the previous quarter but a significant decline from Rs 17.5 crore profit in the same quarter last year.
The company’s services business reported a total revenue of Rs 57.8 crore, up 3.58% from Rs 55.8 crore in Q4FY11 but down 3.34% from Rs 59.8 crore in Q1FY12. The segment result or profit before tax and interest, for services was Rs 6.3 crore, a significant growth from Rs 0.3 crore profit in the previous quarter but a 30.77% decline from Rs 9.1 crore profit in the same quarter last year.
Change in Financial Year Period: The company has also changed its financial year from a twelve month period ending March 31, 2012 to a fifteen month period ending June 30, 2012.
For the fiscal ending June 30, 2012, S Mobility reported a total income of Rs 2742.1 crore and a net loss of Rs 3.6 crore. The company’s mobile devices segment reported a total revenue of Rs 2451 crore for the period with a loss before tax and interest of Rs 45.1 crore while the company’s services business reported a total revenue of Rs Rs 291.5 crore for the period with a profit before tax and interest of Rs 25.2 crore.
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– The company spun off its devices business as ‘S Mobile Device Limited’, a wholly owned subsidiary of the company and has transferred the handset business of the company to S Mobile Device Limited.
– As per the scheme of amalgamation, Spice Distribution Limited, a subsidiary of the company has been merged with another subsidiary company Spice Retail Limited. The above results includes the effects of this amalgamation.
– A subsidiary of the company has also acquired 100% equity of Spice Online Retail Private Limited, following which the latter has become a wholly owned subsidiary of the company.
* Disclosure: Spice Digital is an advertiser with MediaNama.