Mahindra Satyam soars post Q4 earnings

Mahindra Satyam has soared almost 8% at Rs 72 in opening trades on reporting 73% quarter-on-quarter (q-o-q) growth in net profit at Rs 534 crore, on back of robust other income. The operational income however, declined 3% at Rs 1,666 crore for the March quarter over the previous quarter due to cross-currency fluctuations.

The company's earnings before interest and depreciation at Rs.292 crore and margins at 17.5% for the fourth quarter were said to be the highest in the past three years.

A combined 260,000 shares have changed hands on the counter in opening deals on both the exchanges.