Satyam: Gaining critical mass - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

StockSelect
  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Satyam: Gaining critical mass

Jan 22, 2004

Satyam Computers, one of the largest software companies in the country has announced its December quarter results. While the topline growth has been encouraging, the bottomline performance, on a sequential basis, has been lacklustre. The company has reported an 11% rise in sequential 3QFY04 revenues, while its bottomline has fallen marginally by 1% in the same period. Topline growth seems to have come at the cost of falling margins. Operating margins have fallen by 160 basis points.

(Rs m) 2QFY04 3QFY04 Change 9mFY03 9mFY04 Change
Net sales 5,985 6,627 10.7% 14,852 18,208 22.6%
Other income 376 285 -24.3% 128 767 498.7%
Expenditure 4,319 4,889 13.2% 10,259 13,181 28.5%
Operating profit (EBDIT) 1,666 1,738 4.3% 4,593 5,028 9.5%
Operating profit margin (%) 27.8% 26.2%   30.9% 27.6%  
Interest 2 2 -8.5% 5 6 8.2%
Depreciation 285 283 -0.8% 930 862 -7.3%
Profit before tax 1,755 1,738 -1.0% 3,786 4,927 30.1%
Extraordinary items - -   (8) -  
Tax 279 279 0.1% 345 778 125.3%
Profit after tax/(loss) 1,476 1,459 -1.2% 3,433 4,149 20.9%
Net profit margin (%) 24.7% 22.0%   23.1% 22.8%  
No. of Shares 314.5 314.5   314.5 314.5  
Diluted Earnings per share* (Rs) 18.8 18.6   14.6 17.6  
P/E Ratio (x)         18.3  
(* annualised)            

To Read the Full Story, Subscribe or Sign In
To Read the Full Story, Subscribe or Sign In


India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

MAHINDRA SATYAM SHARE PRICE


Jul 3, 2013 (Close)

TRACK MAHINDRA SATYAM

  • Track your investment in MAHINDRA SATYAM with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MARKET STATS