Engineering firm, Greaves Cotton has registered 66.61% surge in net profit at Rs 77.74 crore for the fourth quarter ended March 31. The company had posted a net profit of Rs 46.66 crore in the corresponding period last year.
The total income from operations during the quarter, however, declined by 1.82% to Rs 445.41 crore from Rs 453.67 crore in the year-ago period, it added.
For the entire 2011-12 fiscal, the company’s net profit rose by 19.63% to Rs 185.49 crore from Rs 155.05 crore in the previous fiscal. The total income from operations during FY12 also went up by 9.57% to Rs 1,753.44 crore from Rs 1,600.35 crore in FY11.
The board of directors has recommended a final dividend of Rs 0.20 per share of face value of Rs 2 each.
