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.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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