Quarterly numbers were in line to mildly positive. CNBC-TV18 expected net revenues at Rs Rs 1,101.4 crore and net profit at Rs 142.9 crore. EBIDTA (earning before interest, depreciation, tax and amortisation) increased to Rs 292.5 crore from Rs 280.5 crore. Margins improved to 25.6% versus 25.2%.
Its net profit went up 28.71% to Rs 169 crore versus Rs 131.3 crore (QoQ).
Its revenues were up 2.6% to Rs 1,141.8 crore versus Rs 1,113 crore (QoQ).
It did not see a significant decrease in business from British Telecom (BT), its major client and also a stakeholder.
Company's current pound to dollar hedging at £ 290 mn @ $1.8
Merger With Mahindra Satyam is another 8 To 12 months away.
It saw growth in emerging markets.
The Company has a debt of Rs. 2,179 crores as of 30th September, 2009.
During the quarter the company refinanced Rs 1,150 crores of debt reducing the effective interest rate on the debt portfolio to 8.7% per annum.
The company derived 28.4%, 60.9% and 10.7% of its revenues from the US, Europe and Rest of the World respectively.
It has signed a multimillion dollar deal with one of the Greenfield Operators in India for providing end to end IT outsourcing for its green field launch.
The company has signed a deal with a GSM operator in Africa for E2E implementation of Siebel CRM system.
It has signed a BPO deal with one of the leading telecom service providers in India providing CDMA, GSM and DTH services.
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