Polaris Consulting reports 28% fall in Q2 consolidated net profit

10 Nov 2016

Polaris Consulting & Services has reported results for second quarter ended September 30, 2016.    

The company has reported 7.09% fall in its net profit at Rs 28.42 crore for the quarter under review as compared to Rs 30.59 crore for the same quarter in the previous year. Total income of the company decreased by 6.49% at Rs 453.00 crore for the quarter under review as compared Rs 484.42 crore for the corresponding quarter previous year.        

On the consolidated basis, the company has reported 27.90% fall in its net profit after taxes, non-controlling Interest and share of loss of Joint Venture at Rs. 41.14 crore for the quarter ended September 30, 2016 as compared to Rs 57.06 crore for the same quarter in the previous year. Total Income of the company has decreased by 5.81% to Rs 512.59 crore for quarter under review from Rs 544.23 crore for the quarter ended September 30, 2015.

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