Mumbai: Infrastructure construction firm Patel Engineering on Monday said its net profit rose by 25.23% to Rs63.22 crore in the fourth quarter ended 31 March, 2009, over the same period last year.
The company had a net profit of Rs50.48 crore in the same period ended March 2008, Patel Engineering said in a filing to the Bombay Stock Exchange.
Net sales of the company rose to Rs964.99 crore for the quarter ended March 2009 from Rs726.77 crore in the same period previous year.
For the financial year 2008-09, the company posted a net profit of Rs180.48 crore, up 19.52% from Rs151 crore in the same period last year.
The board of directors of the company proposed a dividend of Rs0.95 a piece for the year 2008-09, subject to the approval of members.
Shares of Patel Engineering were trading at Rs421 on BSE, up 3.81% over the previous close.