Patel Engineering Q4 net up 25% at Rs 63.22 crore
Patel Engineering, a leading infrastructure construction firm has clocked a decent 25.23% jump in its net profit which stood at Rs 63.22 crore in the fourth quarter ended March 31, 2009.
In a filing to the Bombay Stock Exchange (BSE), the company said that it has recorded a net profit of Rs 50.48 crore in the same period ended March 2008.
During the reporting quarter, net sales of the company surged to Rs 964.99 crore for the from Rs 726.77 crore in the same period previous fiscal.
For the financial year 2008-09, the company registered a net profit of Rs 180.48 crore, up 19.52 per cent from Rs 151 crore in the same period last year.
Further, company's board has proposed a dividend of Rs 0.95 per share for the year 2008-09.