IT firm Mahindra Satyam today reported a whopping four-fold increase in profit after tax

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to Rs 308 crore for the quarter ended 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.