Polaris Software has rallied 9% to Rs 140 after reporting 21% quarter-on-quarter growth in net profit to Rs 54 crore for the quarter ended September 2011, as compared to Rs 44.56 crore in the June quarter. On year-on-year basis, the net profit growth of 12% from Rs.48.15 crore.
The mid-cap information technology company has reported revenue of Rs 510 crore for the quarter ended September 30, 2011, up from Rs 388 crore in the same quarter last year.
Meanwhile, the company has revised its revenue guidance for 2012 to Rs 2,014-2,060 crore from Rs 1,968-2,014 crore announced earlier, due to the robust volume growth and strong performance of Intellect software.
A combined 929,288 equity shares have already changed hands on the counter till 0954 hours, against an average around 800,000 shares that were traded daily in past two weeks.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app