Petron Engineering Construction has reported results for the quarter and the year ended March 31, 2011

The company’s net profit for the fourth quarter has surged by 49.83% at Rs 13.26 crore as compared to Rs 8.85 crore for the same quarter last year. Its total income has increased by 27.97% at Rs 191.05 crore for the quarter under review from Rs 149.29 crore in the corresponding previous quarter.

The company has registered growth of 29.61% in its net profit for the current year at Rs 30.95 crore as compared to Rs 23.88 crore for the previous year. Its total income has decreased by 6.18% at Rs 499.10 crore for the year from Rs 531.97 crore in previous year.

Petron Engineering Construction has recommended dividend of Rs 2 or 20% per equity share on 7538400 equity shares of Rs 10 each for the year ended March 31, 2011.

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