The company follows January-December financial year. In dollar terms, net profit was up 20.7 percent to USD 17.1 million, while revenues grew 13.7 percent to USD 125.1 million in the said quarter.
Mahindra Satyam on Thursday beat expectations with its first-quarter results. Consolidated revenues grew over 12% at Rs 1,880 crore on a sequential basis.
Speaking to CNBC-TV18, VC Sehgal, vice-chairman of Motherson Sumi, says that the sales for the company is ‘up phenomenally’ on a year-on-year basis for Q4. The company also has 11 major plants coming up this year, he says.