Polaris Consulting’s Q3 consolidated net surges 78%

09 Feb 2017

Polaris Consulting & Services has reported results for third quarter ended December 31, 2016.  

The company has reported 63.94% rise in its net profit at Rs 30.28 crore for the quarter under review as compared to Rs 18.47 crore for the same quarter in the previous year. However, total income of the company decreased by 4.75% at Rs 376.74 crore for the quarter under review as compared Rs 395.52 crore for the corresponding quarter previous year.   

On the consolidated basis, the company has reported 77.67% rise in its net profit after tax, minority interest and share of profit / (Loss) of associates of Joint Venture at Rs 47.65 crore for the quarter ended December 31, 2016, as compared to Rs 26.82 crore for the same quarter in the previous year. Total income of the company increased by 2.47% at Rs 532.52 crore for the quarter under review as compared Rs 519.68 crore for the corresponding quarter previous year.

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