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Mahindra Satyam Dissapoints, Earnings Q2 PAT Decline 76.53%

By Bhaveek Patel Leave a Comment

Mahindra & Mahindra owned company Mahindra Satyam has announced its results for the quarter ended September 2010 today late at 18:00 IST. Company has reported profit after tax (PAT) at Rs.23 crore as against Rs.98 crore, negative growth of 76.53% on quarter-on-quarter basis (QoQ).
Operating profit down 42.98% at Rs.65 crore (low figure) in Q2FY11 from Rs.114 crore in Q1FY11. Income from operations stood at Rs.1,242 crore versus Rs.1,248 crore (QoQ). Company also reported forex loss of Rs 9.1 crore against the gains of Rs.33.6 crore.

Our Analysis: Investors stay away from this stock.

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Category: Results Tags: Corporate Result/ Mahindra Satyam/ Results

About Bhaveek Patel

Bhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.

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