Satyam to announce June, Sept qtr results on Nov 15

IT firm Mahindra Satyam today said it will report its results for the quarters ended June and September on November 15.

The company will announce its results for the quarters ended June 30 and September 30 as per Indian accounting standards on November 15, Mahindra Satyam (earlier known as Satyam Computer Services) said in a filing to the Bombay Stock Exchange.

In September this year, the company had announced a loss of Rs 125 crore for the year ended 2009-10.

Following founder B Ramalinga Raju's shocking revelation of a Rs 7,800 crore accounting scam at the IT company, Mahindra Satyam did not disclose its audited financials for the past two fiscals till recently.

Mahindra Satyam's results were keenly awaited by the industry and markets, as the real financials were shrouded in mystery after the scam -- said to be India's biggest corporate fraud -- came to the light in January, 2009.

The company had obtained exemption from the Company Law Board from publishing audited results for the past two fiscals after its takeover by Tech Mahindra in April, 2009.