Turnaround
The company had reported a consolidated net loss of Rs 233.3 crore for the July–September quarter of 2010. Speaking at a press conference, Vineet Nayyar, chairman of the company said the consolidate cash and cash equivalents at Rs 30 crore compared to Rs 26 crore. “We will take three for a turnaround,” he informed. Even though the company got 245 crores profit in Q4 for 2010–2011, but due to outside payments nearly 570 crores for SEK,UPAID and Class Action Suit in Q4 (Total 641 crores for the year 2010-2011 ),the company had reported a consolidated net loss of Rs 327 crore for the January–March quarter of 2010-2011.IT firm Mahindra Satyam posted a consolidated net profit of Rs 225.2 crore for the quarter ended June 30, 2011. During the quarter, the company added 2,172 people (net), taking total headcount to 31,438 as of June 30, 2011. The company added 36 new customers during the quarter. The total headcount of the company stood at 32,092 as of the quarter ended September 30, 2011 during which net addition of 654 personnel took place. The company added 188 employees in quarter three ending December 31, 2011 and recorded 29.4% quarter-on-quarter in its consolidated net profit of 308 crore . Mahindra Satyam reported a net profit of 534.21 crore for the fourth quarter ended March 31, 2012.
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