Polaris Financial Technology net profit down 33.4%

Polaris Financial Technology has posted a drop of 33.4% in net profit at Rs 40.66 crore for the quarter ended December 31, 2012, compared to Rs 61.07 crore recorded during the same period of last fiscal year.

The net income from operations experienced a decrease of 2%, at Rs 560.58 crore for the quarter ended December 31, 2012, as against Rs 572.53 crore posted during the corresponding period of previous fiscal.