Kavveri Telecom reports 16.54% rise in its Q4 net profit

Kavveri Telecom Products has reported results for the quarter and the year ended March 31, 2011.

The company’s net profit for the fourth quarter has rose by 16.54% at Rs 7.75 crore as compared to Rs 6.65 crore for the corresponding quarter last year. Total income has increased by 37.19% at Rs 76.25 crore for the quarter under review from Rs 55.58 crore in the corresponding previous quarter.

The company has registered a growth of 9.53% in its net profit for FY11 at Rs 34.12 crore as compared to Rs 31.15 crore for FY10. Total Income has jumped 27.41% at Rs 259.53 crore for the year from Rs 203.70 crore in previous year.

On consolidated basis, the group’s net profit for the year has soared 56.13% at Rs 39.47 crore as compared to Rs 25.28 crore for the year ended March 31, 2010. Total income for the year has increased by 29.24% at 314.63 crore as compared to Rs 243.43 crore for the previous year.

Kavveri Telecom Products has recommended a final dividend of Rs 1.5 per share of the face value of Rs 10 per share.