Business Standard

Polaris June qtr net rises 18%

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Press Trust of India Mumbai

Polaris Software Lab today reported a rise of 18 per cent in its consolidated profit after tax for the quarter ended June 30 to Rs 31.83 crore over the same period last fiscal.     

The software firm had a consolidated profit after tax of Rs 27.01 crore during the June quarter a year earlier, Polaris said in a filing to the Bombay Stock Exchange.     

The consolidated gross profit of the company rose to Rs 117.67 crore in the latest quarter from Rs 102.30 crore in June quatter last year.

Shares of Polaris Software were trading at Rs 103.15, up 1.88 per cent in the afternoon trade on the BSE.

 

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First Published: Jul 16 2009 | 3:42 PM IST

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