Mahindra Satyam Q4 revenues down 3% at Rs 1,666 cr

By Reema Tendulkar, Research Analyst at CNBC-TV18

Mahindra Satyam, a part of Mahindra group, has reported a better than expected growth of 73.38% quarter-on-quarter in its consolidated net profit of Rs 534 crore for the fourth quarter of FY12 due to one time gain.

Income from operations declined 3% to Rs 1,666 crore in the quarter ended March 2012 as against Rs 1,718 crore in the December ended quarter of 2011.

The company reported one-time gain of Rs 109 crore during the quarter.

Analysts on average had expected net profit at Rs 220 crore and revenues at Rs 1,655 crore.

EBITDA margin stood at 17.5% in the January-March quarter of 2012.

In a press conference after results announcement, Chairman Vineet Nayar says US is starting to show signs of strain, which was positive in earlier quarter. Discretionary spending is going to come down,  he adds.

Other income during the quarter declined to Rs 73 crore from Rs 151 crore QoQ. 

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