Polaris Consulting soars on reporting 78% surge in Q3 consolidated net profit

09 Feb 2017

Polaris Consulting & Services is currently trading at Rs. 162.25, up by 3.70 points or 2.33% from its previous closing of Rs. 158.55 on the BSE.

The scrip opened at Rs. 161.00 and has touched a high and low of Rs. 165.50 and Rs. 161.00 respectively. So far 16470 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. 165.50 and Rs. 156.35 respectively. The current market cap of the company is Rs. 1666.23 crore.

The promoters holding in the company stood at 74.89%, while institutions and non-institutions held 11.10% and 14.01% respectively.

Polaris Consulting & Services 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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