Net profit stood at Rs 65.68 crore in the year-ago period, it said. Total income increased to Rs 716.39 crore for the quarter compared with Rs 528.55 crore in the year-ago period.

Its board has recommended a final dividend of 130 per cent, that is Rs 2.6 per share of Rs 2 each for the year ended March 2008 in addition to the interim dividend of 100 per cent declared on January 30, taking total dividend for FY08 to 230 per cent.

For the year ended March 2008, the company reported a net profit of Rs 280.69 crore, up 16 per cent as against Rs 242.05 crore in the previous year. Total income rose to Rs 2,453.49 crore for FY08 compared with Rs 1,926.12 crore in FY07.

The company has also posted a consolidated net profit of Rs 324.9 crore for the year ended March 2008, up 21.24 per cent, over the previous year. It had reported a consolidated net profit of Rs 267.