Spice Mobility's mobile devices business posted a net loss before tax of Rs 29.2 crore for the quarter ended December 31,2014, as compared to a loss of Rs 1.47 crore in the same quarter last year. In the previous quarter, it had posted a loss of Rs 9.59 crore. The segment reported total revenues of Rs 524.36 crore for the quarter, registering a marginal 1.36% growth from Rs 517.2 crore revenues in the same quarter last year. The segment had posted revenues of Rs 497.17 crore in the previous quarter. Mobile devices business continues to dominate Spice Mobility’s revenues, representing 91.95% of the company’s revenues for the quarter that was at Rs 570.26 crore for the quarter. The mobile devices segment accounted for 91.1% of the company’s revenues in the same quarter last year and 90.7% in the previous quarter. Services profit increases 19% YoY: The revenue from Spice Mobility’s services business slid to Rs 47.21 crore for the quarter, down 9.2% from Rs 51.99 crore in the same quarter last year and down marginally by 3.75% from Rs 49.05 crore in the previous quarter. The profit before tax however increased significantly to Rs 4.97 crore for the quarter, up 19.11% from Rs 4.02 crore profit in the same quarter last year and up 65% from Rs 1.74 crore profit in the previous quarter. Services business currently represents about 8.27% of Spice Mobility’s revenues for the quarter. Overall, Spice Mobility posted revenues of Rs 570.26 crore for the quarter, marginally up from Rs 567.71 in the same quarter last year…
- Practo Partners With Government To Help Develop India’s Health Stack January 31, 2023
- Attend Our Briefing: Impact of Google’s changes to Android and Play Store January 31, 2023
- Why is Andhra government pushing facial recognition attendance on all its workers? January 31, 2023
- Karthik Rai On Developing an Interoperability Framework for India | Meta India Tech Scholars 2021-22 January 31, 2023
- Indian Telecom Watchdog issues consultation paper on regulating converged digital technologies and services January 31, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples
The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.
The provisions around grievance redressal in the Data Protection Bill "stands to be dangerously sparse and nugatory on various counts."
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
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...
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...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
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...