Kirloskar Oil register 36% surge in its Q4 net profit

Kirloskar Oil EnginesDiesel-engine manufacturer Kirloskar Oil Engines has registered 36% jump in its net profit for the fourth quarter ended March 31, 2009.

The company posted net profit worth Rs 49.05 crore against Rs 36.17 crore in the same quarter ended March, 2008.

However, the total operating income of the company during the quarter, stood at Rs 503.81 crore against Rs 616.61 crore in the previous fiscal.

The Board of Directors of the Company at its meeting held on April 24, 2009, inter alia, have recommended dividend at the rate of 50% on the Equity Shares of the Company for the Year 2008-09  i.e. Re 1 per Equity Share of Rs 2 each.