Auto component maker Jay Bharat Maruti today reported 82.29% jump in its net profit for FY11 at Rs 38.30 crore.
The company had posted a net profit of Rs 21.01 crore in the corresponding period previous fiscal, Jay Bharat Maruti said in a statement.
The revenue of the company in the last financial year also increased by 32.01% to Rs 1,060.29 crore from Rs 803.21 crore in FY10, it added.
The board of directors of the firm recommended a 40% dividend of Rs 2 for FY11 on fully paid-up equity shares of Rs 5 each, the company said.
The shares of the company today closed 0.21% down at Rs 96.05 a piece on the Bombay Stock Exchange.
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