Ramalinga Raju’s erstwhile Satyam Computer Service now Mahindra Satyam after a whopping 500 day accoutning marathon has re-stated results. Here is a take on
them it from the investor’s perspective.
Company recorded revenues of Rs54.8 bn for FY2010; (2) EBITDA margin of 8.3%; (3) net loss of Rs1.2 bn after including extraordinary item of Rs4.2 bn. Extraordinary items pertained to severance compensation for employees (Rs0.9 bn), forensic investigation expenses (Rs1.1 bn) and write down in value of assets of subsidiaries (Rs2.2 bn), (4) cash and cash equivalent of Rs22 (more…)