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Polaris remarkable performance

Oct 19, 2000

Polaris software has reported a quarter on quarter 27% jump in net profits with improvement in profit margins.

(Rs m) 1QFY01 2QFY01 Change
Sales 519 630 21.2%
Other Income 9 15 69.5%
Expenditure 403 484 20.0%
Operating Profit (EBDIT) 116 145 25.3%
Operating Profit Margin (%) 22.4% 23.1%  
Interest 0 0  
Depreciation 11 17 46.6%
Profit before Tax 113 143 26.6%
Tax 3 3 5.7%
Profit after Tax/(Loss) 110 140 27.2%
Net profit margin (%) 21.2% 22.3%  
Diluted number of shares 17.1 17.1  
Diluted Earnings per share* 25.9 32.9  

The company has developed new banking products called BankWare which will help it to strengthen its presence in banking industry. It has also expanded its presence in International market by opening new offices at Switzerland and Germany.

At the current market price of Rs 433 Polaris gets a P/E multiple of 13 times its 2QFY01 annualised earnings.

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Jul 24, 2018 (Close)


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