Polaris Consulting & Services reports 7% fall in Q3 consolidated net profit

08 Feb 2016

Polaris Consulting & Services has reported results for third quarter ended December 31, 2015.  

The company has reported 5.68% fall in its net profit at Rs 23.89 crore for the quarter ended December 31, 2015 as compared to Rs 25.33 crore for the same quarter in the previous year. However, the company’s total income has increased by 9.22% to Rs 468.80 crore for the quarter under review from Rs 429.23 crore for the corresponding quarter of the previous year.  

On the consolidated basis, the company has reported 6.90% fall in its net profit after taxes, minority interest and share of profit of associates of Rs 36.54 crore for the quarter ended December 31, 2015 as compared to Rs 39.25 crore for the same quarter in the previous year. However, total income of the company has increased by 7.65% at Rs 520.72 crore for quarter under review as compared to Rs 483.72 crore for the quarter ended December 31, 2014.      

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