Satyam Computer disclosed standalone unaudited financial results for the quarter ended December 31, 2008. The company’s Profit after tax for the October-December quarter stood at Rs1.81bn while the total income for the period was Rs22.06bn.
Operating profit (excluding other income) for the third quarter of FY09 is Rs3.64bn, while the operating profit margin is 15.87%. The PBIDT for the quarter stood at Rs2.76bn while the PBIDT margin was 12.51%.
The financial disclosure is part of the information Satyam had provided to select bidders, including Venturbay Consultants Pvt Ltd (the acquirer) and Tech Mahindra (the Person Acting in Concert), in connection with the bid process followed by the company to select a strategic investor. Satyam had provided access to certain non- public information to facilitate price recovery as the publicly available information about the company.
Satyam shares were locked at 10% upper circuit at Rs66.80 after hitting an intra-day high of Rs66.80 and a low of Rs58.20 and recorded volumes of over 10mn shares on BSE.
