Premium
This is an archive article published on August 9, 2011

Mahindra Satyam Q1 profit beats f’cast

Mahindra Satyam on Tuesday posted a better-than-expected first-quarter profit.

google-preferred-btn

Indian software services exporter Mahindra Satyam (previously Satyam Computer led by now disgraced B Ramalinga Raju) on Tuesday posted a better-than-expected first-quarter profit.

Net profit for the quarter ended June was at 2.25 billion rupees ($50 million). The year-ago figure was not immediately available.

Analysts had forecast a net profit of 1.34 billion rupees.

Satyam stunned investors in 2009 when its former chairman and founder Ramalinga Raju said profits had been overstated and assets falsified in a fraud allegedly worth more than $1.5 billion. ($1 = 44.970 Indian Rupees)

Company INFO

More on Mahindra Satyam

Stocks

More on Mahindra Satyam

Latest Comment
Post Comment
Read Comments
Advertisement
Express shorts
Election Commission
EXCLUSIVE: EC brings in feature to check misuse of identity to seek voter list deletions
Political Pulse3 hr ago

The Election Commission has launched a new 'e-sign' feature on its portal and app to prevent fraud. This comes after allegations of misuse of online voter deletion forms in Karnataka. The feature requires voters to verify their identity using their Aadhaar-linked phone numbers, reducing the possibility of fraud.

View all shorts
Live Blog

Photos

In pics: From concept supercars to electronic SUV's: Bharat Mobility Global Expo 2025 was all about innovation
In Pics: From Concept Supercars to Electric SUVs – Innovation at Bharat Mobility Global Expo 2025
Top Stories
cwc meet
Cities‘On hiatus for a long time’: Kharge launches double attack on BJP, Nitish
Election Commission
After Rahul Gandhi charge, EC's Aadhaar feature to check misuse of voter deletion
Shah Rukh Khan launches son Aryan Khan as director and creator with The Ba***ds of Bollywood. (Photo: NetflixIndia/YouTube)
EntertainmentShah Rukh Khan perfects the formula for nepo launches with Ba***ds of Bollywood; the show would be lost in the streaming sea otherwise
Nishaanchi is currently playing in theaters, and a Part 2 is set to be released soon.
EntertainmentIn Nishaanchi, Mehboob Khan meets Yash Chopra, as Anurag Kashyap takes a detour into melodrama
The 5120×1080 ultra-wide trend is growing, with more creators sharing cinematic videos (Image source: @keralatourism/Instagram)
TrendingWhat’s the ‘thinnest video’ trend on Instagram? Here’s how to create 5120 ultra-wide videos
Indian researcher shares 14-year journey to US green card
Trending‘American dream stays alive’: Amid Trump’s $100,000 H-1B fee, Indian researcher shares 14-year journey to US green card
Shreyas Iyer was named as the India A captain for the red-ball matches against Australia A. (PTI)
SportsShreyas Iyer writes to BCCI, wants break from red-ball cricket
Bangladesh players await the television umpire's decision for the wicket of Sri Lanka's Kusal Perera during the Asia Cup cricket match between Bangladesh and Sri Lanka at Dubai International Cricket Stadium in Dubai, United Arab Emirates, Saturday, Sept. 20, 2025. (AP Photo)
SportsMustafizur Rahman and Co can test India, but can Bangladesh hold their nerves?
china
OpinionEvery state, whatever its legal format, is becoming a surveillance state
Termed as GST Bachat Utsav by Prime Minister Narendra Modi on Sunday, the rate rationalisation is meant to leave more disposable income in the hands of people
ExplainedAs GST 2.0 kicks in: what changes for consumers and industry
Aishwarya Rai and Salman Khan in Hum Dil De Chuke Sanam
Lifestyle‘He was very physical with her’: Prahlad Kakkar recalls Aishwarya Rai’s difficult relationship with Salman Khan and its lasting scars; expert on how to move on
The ultra-slim iPhone Air makes a bold design statement. (Image: Nandagopal Rajan/The Indian Express)
TechnologyThis is the MacBook Air of iPhones. Period. 
Advertisement
Must Read
SportsShreyas Iyer writes to BCCI, wants break from red-ball cricket
Shreyas Iyer was named as the India A captain for the red-ball matches against Australia A. (PTI)
SportsMustafizur Rahman and Co can test India, but can Bangladesh hold their nerves?
Bangladesh players await the television umpire's decision for the wicket of Sri Lanka's Kusal Perera during the Asia Cup cricket match between Bangladesh and Sri Lanka at Dubai International Cricket Stadium in Dubai, United Arab Emirates, Saturday, Sept. 20, 2025. (AP Photo)
SportsAsia Cup 2025: Greeted with chants of 'Chettan polia' & 'Mone Kalaku', Sanju Samson remains fan favourite among sizeable Malayali population in UAE
India's Sanju Samson in action during Asia Cup 2025. (Photo: AP)
TechnologyThis is the MacBook Air of iPhones. Period. 
The ultra-slim iPhone Air makes a bold design statement. (Image: Nandagopal Rajan/The Indian Express)
TechnologyMeta rolls out Message translation for WhatsApp Messenger
They will also add more languages over time.  The translate feature is currently offering English, Spanish, Hindi, Portuguese, Russian, and Arabic for Android users. (Image: WhatsApp)
TechnologySam Altman and Jensen Huang back Trump’s steep H-1B visa fee amid $100B OpenAI-Nvidia deal
President Trump’s $100K H-1B visa fee has sparked debate across Silicon Valley. (Express Image)
Lifestyle‘He was very physical with her’: Prahlad Kakkar recalls Aishwarya Rai’s difficult relationship with Salman Khan and its lasting scars; expert on how to move on
Aishwarya Rai and Salman Khan in Hum Dil De Chuke Sanam
Advertisement
Buzzing Now
TrendingWhat’s the ‘thinnest video’ trend on Instagram? Here’s how to create 5120 ultra-wide videos
The 5120×1080 ultra-wide trend is growing, with more creators sharing cinematic videos (Image source: @keralatourism/Instagram)
Trending‘American dream stays alive’: Amid Trump’s $100,000 H-1B fee, Indian researcher shares 14-year journey to US green card
Indian researcher shares 14-year journey to US green card
Trending‘Why aren’t people throwing him out?’: Elderly man caught urinating inside Delhi metro coach, video sparks debate
Many netizens expressed outrage, citing a growing disregard for basic public decency. A section of users defened the man, assuming a medical history (Image source: @tanmoyofc/X)
Trending'Who will take responsibility against racism?': German Ambassador to India invites Indians for opportunities in IT, video sparks criticism
“Indians are among the top earners in Germany,” said German Ambassador to India, Dr Philipp Ackermann (Image source: Wikimedia Commons)
TrendingStuck in Pune traffic, man compares Indian and German drivers, sparks civic sense debate: ‘We are 200 years behind foreign countries’
pune traffic vs germany traffic
Sep 24: Latest News
Advertisement