Mahindra & Mahindra group company Mahindra Satyam has announced its results for the quarter ended September 2010. It has reported profit after tax (PAT) at Rs 23 crore as against Rs 98 crore, degrowth of 76.53% on quarter-on-quarter basis.
Operating profit declined 42.98% at Rs 65 crore in Q2FY11 from Rs 114 crore in Q1FY11
Income from operations stood at Rs 1,242 crore versus Rs 1,248 crore (QoQ).
Mahindra Satyam reported forex loss of Rs 9.1 crore as against gains of Rs 33.6 crore.
Source: www.moneycontrol.com
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Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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