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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: 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…

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