Satyam Computer Services Ltd has reported a net profit of Rs 580.9 crore for Q2. It is 42 per cent more than the previous financial result of the company.
The revenue of the company increased to Rs 2819.29 crore despite global financial crisis and considerable depreciation of rupee in the current quarter.
However, its BPO operations are still suffering losses. It suffered a loss of Rs 20 crore in the present fiscal.
In the Q-2 of July to Septmeber, this year, the net profit of HDFC Bank climbed 44% to Rs 528 crore as against Rs 368 crore in the same period last year.
For the very first time, the consolidation results following its merger with Centurion Bank of Punjab, completed in May 2008, was announced by HDFC.
Excellent credit growth was witnessed by the bank during this period. However, the pace of loan growth could be affected due to rise in interest rates to a seven-year high and possibility of an economic slowdown.