Software company Mahindra Satyam Limited has posted a steep loss for the period Q4 (ending Mar 11) of the current fiscal (FY10-11). During the said quarter, the company secured a nett loss of Rs 327 crores in comparison to Rs 59 crores profit of Q4 (ending Mar 10) of previous year (FY09-10), despite higher net sales and operating margins. Mahindra Satyam was Satyam Computers prior to its takeover by Tech Mahindra in April 09. Satyam Computers fraud was the biggest ever corporate fraud in Indian history.
The company has informed the share market (BSE/NSE) that the total income/sales rose 7% to Rs 1,375 crore in Q4 (ending Mar 2011) of the current fiscal (FY10-11) when compared with the same quarter Q4 (ending Mar 2010) of previous year (FY09-10). Total income was Rs 1,279 crores in last year’s quarter Q4.
Share’s Data :-
BSE Code : 500376
Mkt. Cap : Rs 8,689.19 Crores
Satyam Computer Services Ltd. share’s CMP is Rs 73.80 on 23rd May 2011.
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