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Technology firm Mahindra Satyam has reported a much better than expected growth of 29.4% quarter-on-quarter in its consolidated net profit of Rs 308 crore in the October-December quarter of FY12.
Mahindra Satyam posted consolidated net profit at Rs 308 crore versus Rs 238 crore last year. Speaking to CNBC-TV18, Vineet Nayyar, chairman; CP Gurnani, the CEO and Vasant Krishnan, the CFO of Mahindra say that the company is now crossing over from the restructuring phase on to a growth phase.
Mahindra Satyam is expected to report a profit after tax of Rs 220 crore in the third quarter of FY12, falling 7.5% as compared to Rs 238 crore in previous quarter.
Mahindra Satyam is expected to report a profit after tax of Rs 220 crore in the third quarter of FY12, falling 7.5% as compared to Rs 238 crore in previous quarter.
Angel Broking has come with its quarterly earning estimates for software sector.
Wage hikes and poor BT revenues lead to a disappointing 13% fall in profits to Rs 240 crore for Tech Mahindra, India’s 5th largest IT exporter.
Software services provider Mahindra Satyam is expected to post a profit after tax of Rs 202 crore in the second quarter of FY12, a fall of 10.3% as compared to Rs 225.2 crore in the previous quarter.
Mahindra Satyam is to announce its first quarter results. According to CNBC-TV18's estimates, the company's Q1 USD revenues are seen up 4.6% at USD 318 million versus USD 304 million.
Mahindra Satyam posted fourth-quarter (January-March) net loss of Rs 327 crore quarter-on-quarter against a net profit of Rs 58.9 crore, despite higher net sales and operating margins.
Mahindra Satyam posted a net loss of Rs 327 crore in Q4 against a net profit of Rs 58.9 crore (QoQ). However, in an exclusive conversation with CNBC-TV18, the company's top honchos appeared unperturbed.
Mahindra Satyam has posted their fourth quarter results. The company posted a net loss of Rs 327 crore QoQ against a net profit of Rs 58.9 crore, despite higher net sales and operating margins. Phani Sekhar, Fund Manager, Angel Broking, in an interview on CNBC-TV18 spoke about his reading of the company's Q4 result.
Mahindra Satyam sees growth on tack after it reported higher fourth-quarter (January-March) net sales and operating margins and said it has cleared all pending law suits with the exception of the litigation with US-based Aberdeen Group, the company said.
Mahindra Satyam is set to announce its fourth quarter results today. According to CNBC-TV18 estimates, Net sales are seen up 4.4% at Rs 1336 crore versus Rs 1279.3 crore. In dollar terms, revenues are seen up 4% at USD 295 million versus USD 284 million.
Emkay Global Financial Services has come out with its earning estimates on IT sector for the quarter ended March 2011. According to the research firm, Mahindra Satyam quarter sales are expected to go up by 5% at Rs 1342 crore, quarter-on-quarter, (QoQ) basis.
Speaking on the road ahead for the company, in an exclusive interview with CNBC-TV18 Vineet Nayyar, Chairman, Mahindra Satyam said, "We have charted for ourselves a path. We must learn how to contain our expectations. What we have done is an organic recomposition of the company using various levers to expand our margins to th."
Speaking at a press conference, Vineet Nayyar, chairman of the company said the consolidate cash and cash equivalents at Rs 3,048 crore compared to Rs 2,996 crore. "We will take three for a turnaround," he informed.
Mahindra & Mahindra group company Mahindra Satyam is set to report a net profit before exceptional items at Rs 61.24 crore for the quarter ended December 2010 as against Rs 31.7 crore in previous quarter.