Polaris Software Q2 PAT up by Rs34.42 cr


Polaris Software Q2 PAT up by Rs34.42 cr

Mumbai: Polaris Software Lab on Tuesday said it has reported profit after tax of Rs34.42 crore for the second quarter ended 30 September, an 88.91% growth over the corresponding period a year ago.

The company had a profit after tax of Rs18.22 crore for the same quarter last financial year, Polaris Software Lab Ltd said in a filing to the Bombay Stock Exchange.

Total income of the company rose to Rs344.41 crore for the quarter under review, from Rs277.66 crore for the year-ago period.

For the six months ending 30 September, it posted a profit after tax of Rs61.43 crore, an 88.20% growth, against Rs32.64 crore for the same period in FY’08.

Total income in the same period rose to Rs662.66 crore for the six-month period of the current fiscal, from Rs543.70 crore for the year-ago period.

Shares of the company surged 12.35% after the announcement of results on Tuesday and were trading at Rs50.95 in the late afternoon trade on the BSE.

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