Mahindra Satyam announces FYQ4 revenue results

Mahindra Satyam has announced its audited consolidated financial results reviewed under Indian GAAP for its fourth quarter and year ending March 31, 2013.

The key highlights of these financial Q4 results reveal that the company has generated consolidated revenues at Rs. 1,936 crore which is up 16% YoY. The EBITDA margin improved by 261 bps YoY at Rs. 389 crore. For the Q4FY13 , the EPS (after exceptional item) was Rs 3.86 per share. The company achieved one-time exceptional expense reversal of Rs. 134 crore in the fourth quarter. The PAT (before exceptional items) was achieved at Rs 320 crore, whereas PAT (after exceptional items) at Rs 454 crore versus Rs 80 crore in the Q3.

On the other hand, the financial results for the year ending March 31, 2013 showed revenues at Rs 7,693 crore, up 20% YoY. The EBITDA was at Rs 1,632 crore and up by 59 % YoY.

Vineet Nayyar, Chairman, Mahindra Satyam said, "The turnaround of Mahindra Satyam is symbolically and practically complete. The merger which is at its penultimate phase will embark a new chapter for Mahindra Satyam. We sincerely thank all stake holders for supporting us during this crucial phase."

CP Gurnani, CEO, Mahindra Satyam said, "The large deal win during this quarter is of particular significance and vindicates our investment of time and effort in this area. Our preparedness with Connected Solutions for a Connected World remains positive and we are hopeful of similar wins, which will help us accelerate our growth in the ensuing quarters."

 The total no. of employees stood at 36,067 as of March 31, 2013, YoY net addition of 2,714.Cash and cash equivalent stood at Rs 2,922 crore as of March 31, 2013 for the fourth quarter.