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Mahindra Satyam shares up 6% after good set of numbers


Mahindra Satyam shares up 6% after good set of numbers
The shares of the Mahindra Satyam surged on Friday after company posted impressive set of Q1 numbers.

Mahindra Satyam, a consulting and IT services provider, reported a rise in net profit of 56% year-on-year to Rs 352 crore, for the quarter ended June 30, 2012.


The shares of the company were seen trading higher by 6.8% at Rs 89.35 on BSE at 10.12 am IST.

The company's consolidated income from operations in this quarter rose 31% and 13% quarter-on-quarter to Rs 1,880 crore.

Margin on earnings before interest, tax, depreciation and amortization (Ebitda) rose by 417 basis points to 21.7% from the last quarter.

However, depreciation of the rupee contributed 8% to the total revenue.

The company had 372 active clients as on 30 June, having added 33 in the quarter. Cash and cash equivalents stood at Rs 3,048 crore, against Rs.2,914 crore in the last quarter, and headcount rose by 2,643 in the first quarter to 35,996 employees.

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