Tech Mahindras turnaround: posts net profit of Rs 230 cr
Tech Mahindra,the new owner of scam-hit Satyam Computer,has come back in to the black in fourth quarter ended March 31,2009 by posting Rs 230 crore net profit.
Written by Press Trust Of India
Mumbai |
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Tech Mahindra,the new owner of scam-hit Satyam Computer,has come back in to the black in fourth quarter ended March 31,2009 by posting Rs 230 crore net profit. The company had posted a net loss of Rs 221.39 crore in the same period last fiscal ,if exceptional items,including a Rs 440-crore one-time expenditure,are taken into account.
Consolidated total income declined marginally to Rs 1,059.07 crore during the period under review from Rs 1,059.71 crore in the corresponding period in FY08.
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