Mahindra Satyam has announced its unaudited consolidated financial results under Indian GAAP for the first quarter ended June 30, 2012. Consolidated Revenues is at Rs. 1880 crore, up 31% YoY. EBITDA is at Rs. 408 crore, margins at 21.7%, up by 417 bps QoQ. PAT at Rs. 352 crore, as compared to Rs. 225 crore in the previous year. EPS was Rs 2.99 per share in Q1.
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Vineet Nayyar, Chairman, Mahindra Satyam, said, “With this quarter, we have successfully ended our 3-year transformational journey, recording progress on the back of strong fundamentals, focus and investments. Global business realities continue to be unpredictable. However we are confident of taking forward our momentum.”
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CP Gurnani, CEO, Mahindra Satyam, said, “We compete in the marketplace today with investments in services, markets and our differentiators. Our plans to convert some of these bullets into cannonballs are a reflection of our performance this quarter.”
