Brief about the company……… Mahindra Satyam is a Brand identity of Satyam Computer Services Limited. Satyam Computer Services Limited was founded in 1987 by B Ramalinga Raju. Mahindra Satyam is a part of the USD 7.1-billion Mahindra Group which is one of the top 10 industrial firms based in India. The company offers consulting and information technology (IT) services spanning various sectors, and is listed on the New York Stock Exchange, the National Stock Exchange (India) and Bombay Stock Exchange (India). In June 2009, the company unveiled its new brand identity “Mahindra Satyam” subsequent to its takeover by the Mahindra Group’s IT arm, Tech Mahindra. Mahindra Satyam has offices in 35 countries. Mahindra Satyam, formerly known as Satyam Computer Services, on Monday reported an over two-fold sequential jump in consolidated net profit for the quarter ended December 31, 2010, to Rs 58.9 crore. The company had reported a consolidated net profit of Rs 23.3 crore for the July-September quarter of 2010. Revenue for the third quarter grew marginally to Rs 1,279.3 crore from Rs 1,242 crore in Q2, Mahindra Satyam said in a filing to the Bombay Stock Exchange.
Mahindra Satyam had reported a net loss of Rs 1,250 crore for the year ended March, 2010, giving a first view of its financials almost two years after founder B Ramalinga Raju admitted to cooking the companys account books for years. "Our efforts of investing in core competencies have begun to show encouraging results. The recognitions that we have received from our partners are true reflections of our inherent capabilities... Mahindra Satyam is geared up for a promising year of growth and opportunities," Mahindra Satyam chairman Vineet Nayyar said. In January, 2009, former chairman and founder Ramalinga Raju had confessed to perpetrating a multi-crore scam wherein the companys profits were overstated and its assets falsified. Tech Mahindra bought Satyam in April, 2009, and is operating it as an independent company. The company had 217 clients at the end of December 31, 2010. Its consolidated cash and cash-equivalent reserves stood at Rs 3,048 crore for the reporting quarter
Profit & Loss and Balance sheet A financial statement that summarizes the revenues, costs and expenses incurred during a specific period of time - usually a fiscal quarter or year. These records provide information that shows the ability of a company to generate profit by increasing revenue and reducing costs. The P&L statement is also known as a "statement of profit and loss", an "income statement" or an "income and expense statement". A financial statement that summarizes a companys assets, liabilities and shareholders equity at a specific point in time. These three balance sheet segments give investors an idea as to what the company owns and owes, as well as the amount invested by the shareholders. The balance sheet must follow the following formula Assets = Liabilities + Shareholders Equity
Profit & Loss It is a summary of revenue earned and expenses incurred which ultimately results in profit or loss of to the company Gross Sales Net Sales Cost of production Selling And General Administarative Expenses Cost of goods sold Gross Profit Operating Profit Profit Before Tax Net Profit Non Operating Income/Expenses
Balance sheet Sources of Funds1) Capital2) Reserves & Surplus3) Term Liabilities4) Current Liabilities Uses of Funds 1) Fixed Assets 2) Intangible Asets 3) Non Current Assets 4) Current Assets
Yesterday market of MahindraSatyam BSE 04 Mar 11 | 03:59 PM 63.60 0.35 (0.55%) NSE 04 Mar 11 | 03:59 PM 63.65 0.25 (0.39%)
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