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S Mobility’s Device Biz Reports Profit After 6 Quarters; Contributes 86% Of Revenues

S Mobility* reported declined revenues of Rs 445.5 crore for the quarter ending June 30, 2013 (Q4-FY13), down 12.9% from Rs 511.6 crore in the same quarter last year but up 13% from Rs 394.3 crore revenues in the previous quarter. The company was however profitable at an operating level: a net profit of Rs 9.91 crore in the quarter, as compared to Rs 5.13 crore loss in the same quarter last year and Rs 2.18 crore profit in the previous quarter. For the fiscal ending June 30, 2013 (FY13), S Mobility posted total revenues of Rs 1,869.94 crore and a net profit of Rs 5.48 crore. Note that S Mobility had extended its financial year to 15 months in the previous fiscal and hence cannot be compared to the current fiscal which accounts for only 12 months. In the previous fiscal FY12, S Mobility had reported revenues of Rs 2,738.03 crore and a net loss of Rs 9.70 crore. Mobile Devices Reports Profit: S Mobility's mobile devices segment registered a total revenue of Rs 382.9 crore for the quarter, down 18.5% from Rs 453.9 crore in the same quarter last year. The segment however reported a profit: a profit before tax of Rs 9.3 crore for the quarter as compared to Rs 14.86 crore loss in the same quarter last year and Rs 5.43 crore loss in the previous quarter. The segment has reported profit after six straight loss quarters. It had last reported profit in Q2-FY12, where it had reported profit of Rs 2.1 crore. Mobile devices however…

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