Satyam results disappoint the street
By Ranjit Shinde, TNN |
Highlights
MUMBAI: Satyam reported a 6.5% sequential rise in net profit during Q3 ���07, lesser than the market expectation. It clocked net profit of Rs 343.3 crore. Reckoned year-on-year, it declined by 30.4% on account of a one time gain on sales of Sify shares during the year ago quarter.
Income from services grew by 3.7% over the previous quarter���s level to Rs 1594.9 crore. PBDIT increased by 8.6% sequentially to Rs 418.7 crore.
The company could expand profit margins during Q3 ���07 from the previous quarter���s levels. PBDIT margin improved from 24.6% to 26.1%. Net margin grew from 20.6% to 21.4%.
At BSE, the scrip was trading 5.1% lower at Rs 488.8 from the previous day���s close, staging a marginal recovery from the lows of Rs 476 when the results were first declared.
Income from services grew by 3.7% over the previous quarter���s level to Rs 1594.9 crore. PBDIT increased by 8.6% sequentially to Rs 418.7 crore.
The company could expand profit margins during Q3 ���07 from the previous quarter���s levels. PBDIT margin improved from 24.6% to 26.1%. Net margin grew from 20.6% to 21.4%.
At BSE, the scrip was trading 5.1% lower at Rs 488.8 from the previous day���s close, staging a marginal recovery from the lows of Rs 476 when the results were first declared.
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