Textiles firm Bombay Dyeing and Manufacturing Company today said its net profit rose by 75.1 per cent to Rs 82 crore for the fourth quarter ended March 2011, over the same period last financial year.
The company had a net profit of Rs 46.80 crore in the same period last year, Bombay Dyeing said in a filing to the Bombay Stock Exchange. For the quarter under review net sales of the company rose to Rs 619.2 crore compared to Rs 527.6 crore in the same period last year.
The company's board, which met today, has recommended a dividend of Rs 3.5 per share of Rs 10 each for the year ended March.
The company posted a net profit of Rs 21.39 crore for the year, compared to Rs 18.42 crore in the same period last financial year. Net sales of the firm rose to Rs 1,886.5 crore as against Rs 1,642.8 crore in the previous year.
Shares of Bombay Dyeing today closed at Rs 347 on BSE, up 3.71 per cent from its previous close.
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