Spice Mobility’s mobile devices business continues to face losses: the segment posted a net loss before tax of Rs 24.71 crore for the quarter ended December 31st 2015, compared to a loss of Rs 5.95 crore in the previous quarter. Year-on-year, the company’s losses decreased as it reported a loss of Rs 29.21 crore the same quarter last year. The segment reported total revenues of Rs 365.02 crore for the quarter, registering a decline of 16.3% from Rs 436.06 crore the preceding quarter. On a year-on-year basis, the revenues declined by 30.8% from Rs 527.66 crore in the corresponding quarter last year. Mobile devices business continues to dominate Spice Mobility’s revenues, accounting for 85.58% of the company’s revenues for the quarter that stood at Rs 426.48 crore. The mobile devices segment accounted for 92% of the company’s revenues in the same quarter last year and 87.8% in the preceding quarter. Services profit increases: The revenue from Spice Mobility’s services business increased to Rs 62.83 crore for the quarter, up 33% from Rs 47.21 crore in the same quarter last year and up by 1.2% from Rs 62.09 crore in the preceding quarter. The profit before tax decreased to Rs 11.7 crore for the quarter, down 76.46% from Rs 49.7 crore profit in the same quarter last year and down from Rs 33.3 crore profit in the previous quarter. Services business represented about 14.73% of Spice Mobility’s revenues for the quarter. Overall, Spice Mobility posted revenues of Rs 426.44 crore for…
