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Posts Tagged ‘ S Mobility ’

RS Desikan steps down as CEO of S Mobility

Tuesday, July 1, 2014 | More »

RS Desikan
RS Desikan has ceased to be the chief executive officer (CEO) and manager of S Mobility (formerly Spice Mobility Ltd), the company informed in a BSE filing. Desikan has over 35 years of experience and had joined S Mobility as its CEO in Feb 2012, prior to which he was the Group CFO and finance [&hel...

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S Mobility reports Rs 18.67Cr loss in Q3 as branding costs double; revenue up due to mobile sales

S Mobility (formerly Spice Mobility Ltd) has posted almost 19 per cent rise in net sales to Rs 468.41 crore for its third quarter ended March 31, 2014 over the year-ago period, led by sales growth in its handsets unit. The handsets business saw sales rising 25.7 per cent too Rs 421.59 crore in the [...

9 May, 2014 | More »

Dilip Kumar Modi

Dilip Kumar Modi to take charge as S Mobility’s chairman; group chief BK Modi steps down

Bhupendra Kumar Modi has stepped down as S Mobility Ltd’s (formerly Spice Mobility Ltd) chairman and director, the firm said in a BSE filing. The company has appointed board member Dilip Kumar Modi as the new chairman. Dilip Modi has over 10 years of experience in the telecom business. He has been...

18 February, 2014 | More »

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S Mobility’s Q1 revenue dips 1.7% as services business declines; profit doubles to Rs 8.13Cr

S Mobility (formerly Spice Mobility Ltd) has reported a marginal decline in revenues for the quarter ended September 30, 2013 at Rs 534.02 crore from Rs 543.4 crore in the same period last year. This was led by a 10 per cent dip in revenues from the services unit while mobile handset business sales ...

5 November, 2013 | More »

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S Mobility improves margins but revenue down in Q4 as handset unit continues to shrink

S Mobility (formerly Spice Mobility Ltd) saw strong earnings for the fourth quarter ended June 30 as both handsets and mobile services business churned out segment profits butt overall revenues was down as handset business continued to decline. The firm saw net sales decline to Rs 445.5 crore in the...

27 August, 2013 | More »

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S Mobility restructuring mobile handsets unit, shutting down 2 manufacturing units

S Mobility Ltd (formerly Spice Mobility Ltd) is transferring its mobile handset business to Spice Retail Ltd, a wholly owned subsidiary of the company, through a slump sale at book value. The company is engaged in distribution of handsets under the brand name SPICE. It is also closing down both its ...

1 July, 2013 | More »

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S Mobility services unit shows revenue growth but overall Q3 revenue down

S Mobility (formerly Spice Mobility Ltd) continues to see pressure on its core handsets business while revenues from its services unit showed traction for the quarter ended March 31, 2013. The public-listed firm saw revenues from its mobile devices segment falling to Rs 335.4 crore, a decline of abo...

14 May, 2013 | More »

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S Mobility launches quad-core Stellar Pinnacle Pro for Rs 14,990; is it worth a buy?

S Mobility has expanded its Stellar Pinnacle series of handsets by launching the Stellar Pinnacle Pro smartphone in the Indian market. The new smartphone is powered by a quad-core processor (a first for the company) and runs on the Android operating system. Here is a look at the specifications of th...

23 April, 2013 | More »

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S Mobility revenues shrink 20.6% due to poor handset sales, services unit leads Q2 net loss

S Mobility Ltd (formerly Spice Mobility Ltd) continues to see pressure on its core handsets business while revenues from its services unit remained flat for the quarter ended December 31, 2012, compared to the corresponding period last fiscal. The public-listed firm saw revenues decline 20.6 per cen...

13 February, 2013 | More »

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S Mobility’s Q1 net profit at Rs 4Cr; revenue growth sluggish for both mobile devices & services biz

S Mobility Ltd (formerly Spice Mobility Ltd) continues to see sluggish revenue growth in its mobile devices business while its services unit remained flat for the quarter ended September 30, 2012, compared to the corresponding period last fiscal. The public-listed firm, which had recently changed it...

31 October, 2012 | More »

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