Jan
7
“For the September quarter (Q2) we reported a revenue of Rs 2,700 crore and an operating margin of Rs 649 crore (24 per cent of revenues) as against the actual revenues of Rs 2,112 crore and an actual operating margin of Rs 61 crore (3 per cent of revenues). This has resulted in artificial cash and bank balances going up by Rs 588 crore in Q2 alone”
Satyam Margins Ridiculously Low
And I was always wondering how these Indian companies could achieve these unbelievable margins. I assume there are honest ones around that actually have good margins, but it’s probably better not to believe everything that you read in financial statements (even if they’re audited by PwC, ahem…).
