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Spice Mobility’s device biz posts Rs 29.2 Cr loss in Q2-FY15

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:…

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