Losses continued to widen at Spice Mobility’s mobile devices business and the segment posted a net loss before tax of Rs 69.78 crore for the quarter ended March 31,2015, as compared to a loss of Rs 17.93 crore in the same quarter last year. In the previous quarter, it had posted a loss of Rs 29.21 crore. The segment reported total revenues of Rs 425.38 crore for the quarter, registering a marginal 0.9% growth from Rs 421.59 crore revenues in the same quarter last year. On a sequential basis, revenues in the segment dropped 18.88% from Rs 524.36 crore. Mobile devices business continues to dominate Spice Mobility’s revenues, representing 89.45 % of the company’s revenues for the quarter that was at Rs 474.49 crore for the quarter. The mobile devices segment accounted for 89.89% of the company’s revenues in the same quarter last year and 91.95% in the preceding quarter. Services profit increases 19% YoY: The revenue from Spice Mobility’s services business increased to Rs 50.15 crore for the quarter, up 2.93% from Rs 48.72 crore in the same quarter last year and up by 6.22% from Rs 47.21 crore in the preceding quarter. The profit before tax however decreased to Rs 4.6 crore for the quarter, down 5.35% from Rs 4.86 crore profit in the same quarter last year and down 7.44% from Rs 4.97 crore profit in the previous quarter. Services business currently represents about 10.57% of Spice Mobility’s revenues for the quarter. Overall, Spice Mobility posted revenues of Rs 474.49 crore for the quarter, marginally up from Rs 468.99 crore in the same quarter last year and down 16.79% from Rs 570.26 crore in the preceding quarter. The company reported…
- The Fine Line: Regulating Real Money Gaming in India #QuickTake February 4, 2023
- Join the Club: Along with Telegram, WhatsApp Also Faces Copyright Infringement Cases at Delhi HC February 4, 2023
- Microsoft Teams Premium to incorporate ChatGPT: 4 key take aways February 3, 2023
- Update: Supreme Court Asks Indian Govt to Produce Records Issued To ‘Block’ BBC Documentary February 3, 2023
- RTI: Nearly 5,000 URLs blocked under Section 69A in the first 10 months of 2022 February 3, 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...