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S Mobility Reports Rs 13.8 Cr Loss For Q2-FY13; Revenues Down 20.68% YoY

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S Mobility* has reported a total income of Rs 490.5 crore for the quarter ended December 31, 2012, registering a 9.8% decline from Rs 543.8 crore income in the previous quarter and a significant 20.68% decline from Rs 618.4 crore in the corresponding quarter last year. For a device manufacturer, Q3 is particularly important, since it is the festive season, covering both Diwali and Christmas, and consumer durable sales are higher in this period.

S Mobility has reported a net loss of Rs 13.8 crore for the quarter, a significant decline from Rs 4.5 crore profit in the previous quarter but an improvement from Rs 17.9 crore loss in the corresponding quarter last year. Its worth noting that S Mobility had changed its financial year from a twelve month period ending March 31, 2012 to a fifteen month period ending June 30, 2012 last year.

The company’s mobile devices segment reported a total revenue of Rs 429.6 crore, a 11.1% decline from Rs 483.3 crore revenue in the previous quarter and a significant 29.63% decline from Rs 556.9 crore in the same quarter. Loss before tax for mobile devices segment stood at Rs 3.2 crore, up from Rs 1.1 crore loss in the previous quarter but a significant improvement from Rs 26.9 crore loss in the same quarter last year.

S Mobility’s services business reported a total revenue of Rs 61 crore, a minor increase from Rs 60.5 crore in the previous quarter but a decline from Rs 61.6 crore in the same quarter last year. Loss before tax stood at Rs 15.2 crore, a significant decline from Rs 0.6 crore profit in the previous quarter and Rs 1.2 crore profit in the same quarter last year.

Other Significant Highlights

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– During the quarter, a company subsidiary has subscribed to 100% equity stake (except one share) in Spice Digital Bangladesh, following which it has been included in the company’s consolidated financial results.

Spice Digital has bought back shares from its stakeholders, which increased the company’s shareholding in Spice Digital from 82.7% to 89.2%.

– In December 2012, Spice Digital had partnered the Bangladesh government to commercially roll out Access to Information services in Bangladesh. The company had rolled out Interactive Voice Response (IVR) and SMS services on the state owned telco Teletalk Bangladesh and private operator Robi (an Axiata company), offering information services like Passport Enquiry, Birth certificate and tax information from National Board of Revenue (NBR) with 30 more services in the pipeline, which included 17 services based on API access from respective Government departments. Varun Gupta, Lead – International Business, Spice Digital had told Medianama that they plan to roll out 10-15 services across all the operators in Bangladesh by March 31, 2013.

Download : Financials

Disclosure: Spice Digital, a subsidiary of S Mobility is an advertiser with MediaNama

Related:

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S Mobility Q1 2012: Rs 4.5 Cr Profit On Rs 543.8 Cr Revenue
S Mobility: Rs 3.7 Cr Loss & Rs 511.5 Cr Revenue
S Mobility Q4-FY12: Rs 19.8 Crore Net Loss; Revenue At Rs 653.3 Crore
Changes At Spice Digital’s Data Ops: New Spice Labs CEO,Telco Data Biz; Enterprise Apps Shelved

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