Polaris Consulting gains despite reporting 28% fall in Q2 consolidated net profit

11 Nov 2016

Polaris Consulting & Services is currently trading at Rs. 163.40, up by 0.80 points or 0.49% from its previous closing of Rs. 162.60 on the BSE.

The scrip opened at Rs. 161.50 and has touched a high and low of Rs. 163.95 and Rs. 157.95 respectively. So far 1727 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 217.15 on 18-May-2016 and a 52 week low of Rs. 141.10 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 169.00 and Rs. 141.10 respectively. The current market cap of the company is Rs. 1667.05 crore.

The promoters holding in the company stood at 78.61%, while Institutions and Non-Institutions held 10.24% and 11.15% respectively.

Polaris Consulting & Services 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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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
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