20 Jan 2009, 1416 hrs
Shares of Polaris Software were in the limelight Tuesday after the IT firm's net profit for the Oct-Dec quarter grew a whopping 94 per cent to Rs 37.17 crore from Rs 19.12 crore a year ago.
The company's revenue witnessed a 32 per cent growth to Rs 372.58 crore as against Rs 282.14 crore in the same quarter previous year. On a sequential basis, revenues grew 6 per cent while profits surged 8 per cent.
The company has also recommended an interim dividend of 30 per cent. At 2:15 pm, the stock rose 25.58 per cent to Rs 43.20 on the BSE.
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