Polaris Software announces Q3 consolidated PAT of Rs.32.2865 Crores, recommends 20% dividend

Polaris Software Lab Ltd has announced the following Audited results for the quarter ended December 31, 2006:

The Company has posted a profit after tax of Rs 293.758 million for the quarter ended December 31, 2006 as compared net loss of Rs 75.367 million for the quarter ended December 31, 2005. Total Income has increased from Rs 1696.621 million for the quarter ended December 31, 2005 to Rs 2454.864 million for the quarter ended December 31, 2006.

The Unaudited Consolidated results as per Indian GAAP are as follows:

The Group has posted a profit after tax of Rs 322.865 million for the quarter ended December 31, 2006 as compared net loss of Rs 57.059 million for the quarter ended December 31, 2005. Total Income has increased from Rs 2023.475 million for the quarter ended December 31, 2005 to Rs 2780.770 million for the quarter ended December 31, 2006.

Further the Company has informed that, the Board of Directors of the Company has recommended an interim dividend of Rs 1.00 per share (20%).

Source : Equity Bulls

Keywords