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Satyam profits rise 13 times in a month

Fraud-hit Satyam Computer Services Ltd, now controlled by Tech Mahindra Ltd, on Tuesday declared profits between October 2008 and February 2009.

business Updated: Jun 10, 2009 02:40 IST
HT Correspondent
HT Correspondent
Hindustan Times

Fraud-hit Satyam Computer Services Ltd, now controlled by Tech Mahindra Ltd, on Tuesday declared profits between October 2008 and February 2009.

Satyam said its profit rose 13-fold between January (Rs 4 crore) and February (Rs 52 crore). The company’s consolidated net profit was lower at Rs 160 crore. The firm said it made a net profit of Rs 181 crore in the quarter ended December 31, 2008.

On the BSE, shares of Tech Mahindra rose 25.4 per cent to Rs 744.20 per share, while Satyam rose 9.9 per cent to Rs 66.85.

First Published: Jun 10, 2009 02:39 IST