POLARIS CONSULTING Announces Quarterly Results (4QFY18); Net Profit Up 107.2%
Fri, 20 Jul

POLARIS CONSULTING has announced its results for the quarter ended March 2018. Here is a detailed performance review of the same:

POLARIS CONSULTING Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m5,6216,8017,2136.1%28.3%
Other incomeRs m57416967.2%21.3%
TurnoverRs m5,6786,8427,2836.4%28.3%
ExpensesRs m5,1725,9426,1753.9%19.4%
Gross profitRs m4498591,03920.9%131.4%
DepreciationRs m497068-2.7%37.1%
InterestRs m0000.0%0.0%
Profit before taxRs m4578311,04025.2%127.8%
TaxRs m12427635227.8%183.0%
Profit after taxRs m33255568823.8%107.2%
Gross profit margin%8.012.614.4
Effective tax rate%27.333.233.9
Net profit margin%5.88.19.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 28.3% on a year-on-year (YoY) basis. The expenses were up by 19.4% YoY during the same period.
  • The company's operating profit increased by 131.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.4% in 4QFY18 as against 8.0% in 4QFY17.
  • Depreciation charges and finance costs increased by 37.1% YoY and 0.0% YoY, respectively.
  • Other income increased by 21.3% YoY during the quarter.
  • Net profit for the quarter increased by 107.2% YoY. Net profit margins during the quarter increased from 5.8% in 4QFY17 to 9.4% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 6.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 3.9% QoQ during the same period.
  • The company's operating profit increased by 20.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.4% in 4QFY18 as against 12.6% in 3QFY17.
  • Net profit for the quarter increased by 23.8% QoQ, while net profit margins increased from 8.1% in 3QFY17 to 9.4% in 4QFY18.

To see how POLARIS CONSULTING has performed over the last eight quarters, please visit here.

POLARIS CONSULTING Share Price Performance

Over the last one year, POLARIS CONSULTING share price has moved up from Rs 245.8 to Rs 474.0, registering a Gain of Rs 228.2 or around 92.8%.

Meanwhile, the S&P BSE IT Index is trading at Rs 14,607.6 (up 1.8%). Over the last one year it has moved up from 10,154.0 to 14,607.6, a gain of 4,453.6 points (up 43.9%).

Overall, the S&P BSE SENSEX is up 0.4% over the year.

Current Valuations

At the current price of Rs 474.0, the price to earnings (P/E) ratio of POLARIS CONSULTING stands at 20.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.9 times.