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

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…

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