Polaris net at Rs 61 cr

Polaris Financial Technology Limited's net profit for the the quarter ended December 31, 2011, stood at Rs 61.07 crore as compared with Rs 50.12 crore a year ago. Income was up 34 per cent to Rs 552.32 crore from Rs 411.41 crore. The board has given its in-principle approval for the de-merger of information technology-enabled services business of its subsidiary, Optimus Global Services Ltd.