Mahindra Satyam posts over 4-fold jump in Q3 PAT to Rs 308 cr

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IT firm Mahindra Satyam on Wednesday reported a whopping four-fold increase in profit after tax to Rs 308 crore for the quarter ended on December 31.

The company's consolidated revenue stood at Rs 1,718 crore in the third quarter, 34 per cent higher year-on-year.

"We continue on our path of building the organisation and improving our operating matrix in the face of some headwinds on the economic front," Mahindra Satyam Chairman Vineet Nayyar said in a statement.

The total headcount of the company stood at 32,280 as of December 31, a net addition of 188 employees quarter-on-quarter.

The attrition rate at the company was 16 per cent in Q3, down from 25 per cent in the corresponding period last year.