Polaris Financial Technology has reported results for second quarter ended September 30, 2012.
The company has reported a fall of 49.76% in its net profit at Rs 24.19 crore for the quarter ended September 30, 2012 as compared to Rs 48.15 crore for the same quarter in the previous year. However, the company’s net income from operation has increased marginally by 3.33% at Rs 461.16 crore for quarter under review as compared to Rs 446.29 crore for the quarter ended September 30, 2011.
On consolidated basis, the group’s has posted a marginal fall of 1.50% in its net profit at Rs 53.13 crore for the quarter ended September 30, 2012 as compared to Rs 53.94 crore for the same quarter in the previous year. However, the group’s net income from operation has increased by 14.94% at Rs 585.90 crore for quarter under review as compared to Rs 509.74 crore for the quarter ended September 30, 2011.
