S Mobility* reported a significant decline in its total revenue: Rs 394.3 crore for the quarter ending March 31, 2012, down 18.94% from Rs 486.4 crore in the previous quarter and down 28.7% from Rs 553.3 crore in the same quarter last year but was profitable at an operating level: reporting a profit of Rs 2.2 crore for the quarter, as compared to Rs 10.6 crore loss in the previous quarter and Rs 20 crore loss in the corresponding quarter last year. Remember that S Mobility had changed its financial year from a twelve month period to a fifteen month period last year. Mobile Devices vs Services The company's mobile devices segment registered a total revenue of Rs 335.4 crore, a significant 21.9% decline from Rs 429.6 crore in the previous quarter and a 32.6% decline from Rs 497.5 crore in the same quarter…
