Leading infrastructure firm of the country, Jaiprakash Associates has declared its annual financial results for the fiscal year 2009-10 and it has managed to post an impressive rise in net profit figure. The company has posted a consolidated net profit of Rs 1,119.18 crore for the year that ended in 31st March, 2010.

The consolidated net profit was reported to be Rs 420.25 crore in the financial year 2008-09. This net profit figure has grown up by a mammoth 166% in this quarter as compared to the same quarter in the last fiscal.

The consolidated net profit of the firm has grown up to Rs 5,772.69 crore during the fiscal year 2009-10. It was Rs 4,989.3 crore for the preceding year. There has been a hike of 2.35% in the net sales of the firm this year against last year.

The annual standalone net profit of the company was reported to be Rs 1,708.36 crore for the year under review from Rs 897.01 crore last year with a hike of 90%. The board has decided to recommend a dividend of Re 0.54 per equity share of Rs 2 for the financial year 2009-10 subject to the approval of the shareholders.