Stock Report

Polaris Software Q1 net down to Rs.13.06 Crores



Posted On : 2007-07-18 05:44:49( TIMEZONE : IST )

Polaris Software Q1 net down to Rs.13.06 Crores

Polaris Software Lab Ltd has announced the Audited financial results for the quarter ended June 30, 2007.

The Company has posted a profit after tax of Rs 130.653 million for the quarter ended June 30, 2007 as compared to Rs 174.895 million for the quarter ended June 30, 2006. Total Income has increased from Rs 1896.093 million for the quarter ended June 30, 2006 to Rs 2316.953 million for the quarter ended June 30, 2007.

The unaudited Consolidated results are as follows: The Group has posted a profit after tax of Rs 144.193 million for the quarter ended June 30, 2007 as compared to Rs 202.749 million for the quarter ended June 30, 2006. Total Income has increased from Rs 2323.945 million for the quarter ended June 30, 2006 to Rs 2660.393 million for the quarter ended June 30, 2007.

The stock closed the day at Rs.140.30, down by Rs.9 or 6.03%. The stock hit an intraday high of Rs.150 and low of Rs.139.05. The total traded quantity was 396828 compared to 2 week average of 242241.

Source : Equity Bulls

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