Tech Mahindras turnaround: posts net profit of Rs 230 cr

Tech Mahindra,the new owner of scam-hit Satyam Computer,has come back in to the black in fourth quarter ended March 31,2009 by posting Rs 230 crore net profit.

Tech Mahindra,the new owner of scam-hit Satyam Computer,has come back in to the black in fourth quarter ended March 31,2009 by posting Rs 230 crore net profit. The company had posted a net loss of Rs 221.39 crore in the same period last fiscal ,if exceptional items,including a Rs 440-crore one-time expenditure,are taken into account.

Consolidated total income declined marginally to Rs 1,059.07 crore during the period under review from Rs 1,059.71 crore in the corresponding period in FY08.

The companys revenue rose 2.88 per cent to Rs 1,051.30 crore during the March quarter from Rs 1,021.8 crore in the corresponding period a year-ago.

Police personnel seen to control the situation during a massive protest over the statehood demand and the inclusion of Ladakh under the Sixth Schedule, in Leh on Wednesday. (ANI Video Grab)

Statehood protest takes violent turn in Ladakh, BJP office set ablaze in Leh

India8 hr ago

Protests in Ladakh turned violent as students and youth organisations demanded statehood and Sixth Schedule status. Two elderly protesters fainted, prompting a shutdown call. A BJP office and security vehicle were set on fire. Activist Sonam Wangchuk urged for a peaceful approach. The demand for Sixth Schedule status is due to Ladakh's tribal-majority population and direct central administration.

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