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Mahindra Satyam Q3 profit seen to rise 5%, stocks up
“The dip in net profit can be attributed to factors like Hypercity, which is still registering losses, and expenditure on new stores opened during the quarter” said Govind Shrikhande, Managing Director, Shoppers Stop Ltd (SSL).
01 Feb 2012, 11:53 AM IST 
Telenor CEO Jon Fredrik Baksaas
IT firm Mahindra Satyam is likely to post a 5% jump in net profit on a year-on-year basis. Profits are likely to be under pressure because of wage hike during the quarter.
Revenues may rise to Rs 1,720 crore in the third quarter ending December 2011.
The board might also indicate a roadmap on the proposed merger with Tech Mahindra. Chairman Vineet Nayyar had earlier said that the merger was expected to be completed by the year-end.
Stocks of Mahindra Satyam traded with nearly 2% gains on the Bombay Stock Exchange at 1148 hours today. The Sensex was down 0.2%.
