Polaris - Q3 Results Review - Nirmal Bang

Polaris results were below our expectations
- Revenues de-grew by 4.4% QoQ on the back of lower Intellect license sales
- EBIDTA margins dropped by 178 bps QoQ due to onetime costs
- PAT was down by 26% QoQ
- Outlook:Positive

Source : Equity Bulls

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