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Polaris Consulting zooms on reporting 8% rise in Q1 net profit

09 Aug 2016

Polaris Consulting & Services is currently trading at Rs 199.60, up by 8.75 points or 4.58% from its previous closing of Rs 190.85 on the BSE.

The scrip opened at Rs. 194.00 and has touched a high and low of Rs 202.50 and Rs 194.00 respectively. So far 30226 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 224.00 on 11-Aug-2015 and a 52 week low of Rs. 147.50 on 25-Aug-2015.

Last one week high and low of the scrip stood at Rs. 202.50 and Rs. 185.50 respectively. The current market cap of the company is Rs. 2042.78 crore.

The promoters holding in the company stood at 78.65%, while Institutions and Non-Institutions held 10.31% and 11.04% respectively.

Polaris Consulting & Services has registered 31.90% fall in its net profit at Rs 26.86 crore for the quarter as compared to Rs 39.44 crore for the same quarter in the previous year. Total income of the company decreased by 3.26% at Rs 444.40 crore for quarter under review as compared to Rs 459.39 crore for the quarter ended June 30, 2015.

On the consolidated basis, the company has reported 8.20% rise in its net profit after taxes, non-controlling Interest and share of loss of Joint Venture at Rs 39.72 crore for the quarter ended June 30, 2016 as compared to Rs 36.71 crore for the same quarter in the previous year. Total Income of the company increased by 1.01% to Rs 502.99 crore for quarter under review from Rs 497.96 crore for the quarter ended June 30, 2015.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323