wordpress blog stats
Connect with us

Hi, what are you looking for?

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

Spice logo

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

Advertisement. Scroll to continue reading.

– 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


Advertisement. Scroll to continue reading.

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

Written By

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



When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.


The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.


In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...


By Jai Vipra, Senior Resident Fellow at Vidhi Centre for Legal Policy The use of new technology, including facial recognition technology (FRT) by police...


By Stella Joseph, Prakhil Mishra, and Yash Desai The Government of India circulated proposed amendments to the Consumer Protection (E-Commerce) Rules, 2020 (“E-Commerce Rules”) which...

You May Also Like


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...


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...


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...


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...

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