JSW Steel today said its consolidated net profit stood at Rs 611 crore for the fourth quarter ended March 31, 2010.
The company had a loss of Rs 39.9 crore in the same quarter a year ago, JSW Steel said in a filing to the Bombay Stock Exchange.
Total income rose to Rs 5,577 crore for the quarter ended March 31, from Rs 3,719 crore in the same period previous fiscal, the filing added.
The board has proposed a dividend of Rs 9.50 per share or 95 per cent on over 18.70 crore equity shares of Rs 10 each for the year ended March 31, 2010.
For the year ended March 31, 2010, the company reported a five-fold jump in net profit at Rs 1,597 crore compared to the previous fiscal.
Shares of JSW Steel were trading at Rs 1,221.15 on BSE, down 0.53 per cent from previous close.
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