Polaris Consulting surges as company seen reporting 7% Q4 PAT growth

NEW DELHI: Polaris Consulting Services, a mid-sized software company, ended with gains of 2.62 per cent in Thursday's trade ahead of its Q4 numbers scheduled to be released later in the day. In anticipation of the earnings, the stock gained 3.29 per cent to hit a high of Rs 199.05 on the BSE. The stock is down 6.66 per cent so far this year.

As per brokerage firm IIFL’s estimates, the company is seen reporting a Q4 PAT growth of 6.9 per cent (YoY) at Rs 39 crore. The company’s revenue for the quarter under review are seen growing 11.8 per cent year-on-year to Rs 523 crore.

Operating profit margin is likely to be at 10%, with a yoy fall of 75 bps and 383 bps QoQ.