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Satyam Computer Services reports 83% fall in Q3 net profit

01 Feb 2013 Evaluate

Satyam Computer Services has reported results for third quarter ended December 31, 2012.

The company has reported 82.71% fall in its net profit at Rs 50.89 crore for the quarter as compared to Rs 294.32 crore for the same quarter in the previous year. However, total income of the company has increased by 7.91% at Rs 1889.97 crore for quarter under review as compared to Rs 1751.37 crore for the quarter ended December 31, 2011.

On consolidated basis, the company has reported 74.07% fall in its net profit at Rs 79.98 crore for the quarter ended December 31, 2012 as compared to Rs 308.43 crore for the same quarter in the previous year.  However, total income of the company has increased by 9.70% at Rs 2050.61 crore for quarter under review as compared to Rs 1869.35 crore for the quarter ended December 31, 2011.

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