Quarterly result : Polaris Consulting & Services
DSIJ Intelligence / 07 Aug 2017
Polaris Consulting & Services Ltd. reported its results for the quarter ended June 30, 2017 post market hours today.
Polaris Consulting & Services Ltd. reported its results for the quarter ended June 30, 2017 post market hours today.
Total sales for this quarter, Q1FY18, came in at Rs. 554.94 crores. This represents a 2.4 per cent sequential decline and 11.44 per cent YoY increase.
Operating profit (EBIT) for the recently concluded quarter amounted to Rs. 40.38 crores and the EBIT margin stood at 7.28 per cent.
In terms of the bottom-line, the company reported a PAT figure of Rs. 30.21 crores which represents a sequential QoQ decline of 8.62 per cent and a YoY decline of 24.19 per cent.
The company's stock in today’s trading session remained positive ahead of its quarterly result.
The stock of Polaris Consulting & Services opened for trading at Rs. 232.9 on the BSE rose more that 3 per cent and touched intraday high of Rs. 243.5. The stock closed for the day at Rs. 240.1 mark.
Polaris is a niche and leading player in the financial technology space. Its major client include Citibank, Bank of Montreal, JPMC, Llyods, M&T Banks, RBS, Morgan Stanley and Credit Suisse.
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