Polaris Consulting and Services today said it has posted a consolidated net profit of Rs 32.92 crore for the fourth quarter ended March 2017. The Chennai-based company had posted a net loss of Rs 18.48 crore in the year-ago period. The company's total income increased 11.6 per cent to Rs 567.77 crore in the said period from Rs 508.63 crore in the January-March quarter of 2015-16, Polaris said in a statement. For the full-year, net profit was up 58 per cent to Rs 161.44 crore, while total income grew 1.4 per cent to Rs 2,100 crore as compared to 2015-16. As on March 31, 2017, cash, cash equivalents and investments stood at Rs 530 crore as compared to Rs 524 crore in the preceding quarter.

Source: dna May 16, 2017 14:37 UTC