IT firm Hinduja Global Solutions has announced 49.50% growth in its net profit for the three month period ended March 31, 2009.

The company's net profit during the forth quarter stood at Rs 36.05 crore, as against Rs 24.12 crore during the corresponding period of the last year.

During the quarter, the company witnessed an increase of 26% in its net sales to Rs 218.27 crore from Rs 173.45 crore in the three month period ended March 31, 2008.

For the fiscal ended March 31, the company's consolidated net profit (after minority interest) surged 7.26% to Rs 93.76 crore as compared to Rs 87.41 crore of FY'08.

Further the company's board has announced a dividend of Rs 15 per share (150%) on the face value of Rs 10 a share.

The stock of the company surged 20% to its upper circuit on the back of good Q4 numbers and proposed handsome payout.

Today, the stock belled the day at Rs 180, after gaining 5.5%, and then immediately zoomed to its 20% upper circuit of Rs 205.65.

Currently, the stock is locked at the same 20% upper limit level with pending buy orders for over 12,300 shares on the BSE.

The counter has witnessed comparatively heavy trading volumes of 18,005 shares as compared to the two-week daily traded average of 5,616 shares.

Current EPS & P/E ratio stood at 53.60 and 3.27 respectively. The share price has seen a 52-week high of Rs 415.70 and a low of Rs 92 on BSE.