Mumbai, Oct 21 : Polaris Software Lab on Tuesday said it has reported profit after tax of Rs 34.42 crore for the second quarter ended 30 September, an 88.91 per cent growth over the corresponding period a year ago.
The company had a profit after tax of Rs 18.22 crore for the same quarter last financial year, Polaris Software Lab Ltd said in a filing to the Bombay Stock Exchange.
Total income of the company rose to Rs 344.41 crore for the quarter under review, from Rs277.66 crore for the year-ago period.
For the six months ending 30 September, it posted a profit after tax of Rs61.43 crore, an 88.20% growth, against Rs32.64 crore for the same period in FY’08.
Total income in the same period rose to Rs 662.66 crore for the six-month period of the current fiscal, from Rs543.70 crore for the year-ago period.
Shares of the company surged 12.35 per cent after the announcement of results on Tuesday and were trading at Rs50.95 in the late afternoon trade on the BSE.
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