The fraud hit Indian outsourcing firm, Satyam Computer Services, announced the financial figures for the quarter ended December 31, 2008, reporting a net profit at Rs 181 crore in the midst of tight market conditions and shadows of its tainted past.

The Hyderabad based outsourcer, recently acquired by Tech Mahindra, disclosed before the Bombay Stock Exchange that it lost around 9,447 employees from January 2008 to February 2009 due to increased economic pressure after disclosure of the auditing fraud and exit of clients. However, Tech Mahindra said that the firm has still around 10,000 additional staff members whose future has been hanging in the air.

The firm, having current staff strength of 41,622, reported attrition rate of 13.99% up to December 2008 as per its filing to the stock exchange. It maintains bank balance of Rs 373 crore as at March 31 and hopes to do better in the next quarter amid hopes of recovery of economic market.

Satyam has left with outstanding loans worth Rs 469 crore, raised from Citibank, IDBI Bank, Bank of Baroda, HDFC Bank. It has already paid Rs 100 crore to Citibank out of total loans worth Rs 569 crore raised from various lenders.