
About The Company
Mahindra Satyam is one of the leading global IT business consulting services company. Headquartered in India , they offer IT business consulting services across the world and also have development and delivery centres in the US, Canada , Brazil , the UK , Hungary , Egypt , UAE , India.
About The Financials
The company has reported a net profit before exceptional items at Rs 61.24 crore for the quarter ended December 2010 as against Rs 31.7 crore in previous quarter.Revenues are seen going up to USD 278 million versus USD 272 million and in rupee terms, revenues are likely to go up to Rs 1,257 crore from Rs 1,242.4 crore (QoQ).Earning before interest, depreciation, tax and amortisation (EBIDTA) is expected to go up to Rs 88 crore from Rs 73.5 crore (QoQ).
My View
The company has seen a very bad phase few years back and the share holder interest has been badly ruined. The company after being taken over Mahindra group is progressing but large scale investment in this stock is not recommended.