ABG Shipyard has announced that it has clocked a decent 12.84% growth in profit after tax (PAT) for the quarter ended March 31, 2009.

During the period under review, the company has recorded PAT of Rs 51 crore.

In the same period of previous fiscal, company's profit after tax figure stood at Rs 46 crore.

However company's net sales for the reporting quarter surged by 34.04% to Rs 370 crore from Rs 276 crore in the same period a year ago.

During financial year-ended 31, March 2009, company's net profit has witnessed 6.48% growth which stood at Rs 171 crore as compared to Rs 160 crore a year ago.

In the latest fiscal, company's net sales also rose 46.06% to Rs 1,412 crore as against Rs 966 crore a year ago.

Further, company's board has recommended a dividend of Rs 2 per share of Rs 10 each.

As on March 31, 2009, the order book of the company stands at Rs 11,500 crore.

As per media reports, during 2008-09, the company has secured orders worth Rs 305 crore from Marnavi Spa and Council for Scientific and Industrial Research.