Polaris Q4 net up 50% at Rs 32 cr, declares 25 pc dividend

Chennai-based company and IT services provider Polaris Software on Monday reported a 50 per cent growth in its profit after tax (PAT) at Rs 32.11 crore for the fourth quarter ended March 2009, according to media reports.

The company said that it expects earning of 15 rupees a share for the year to March 2010. The earning per share reportedly was at 13.25 rupees in the just ended fiscal 2008-09. The total income rose 18 per cent to Rs 337.25 crore in the fourth quarter, from Rs 286.16 crore in the same period last fiscal.

Shares of Polaris were trading at Rs 64.30, up 6.46 per cent in the late afternoon trade on the BSE.