Mumbai: Lubricant maker Castrol India on Thursday said its net profit rose by 71.91% to Rs80.8 crore for the quarter ended 31 December 2009.
The company also announced that it will issue bonus shares to its shareholders.
Total income for the December quarter increased to Rs615.5 crore from Rs547 crore in the same period last year, Castrol India said in a filing to the Bombay Stock Exchange.
For the year ended 31 December 2009, the company posted a net profit of Rs381 crore, up 45.41% over the year ago period.
The company’s board has approved to issue one bonus share for every equity share of Rs10 each held by the shareholders on the record date to be fixed in consultation with the stock exchange.
The board has also decided to pay a final dividend of Rs15 per equity share (including a special dividend of Rs10) for the year ended 31 December 2009.
The said issue is subject to the approval of the shareholders and such other approvals as maybe necessary.
Shares of Castrol India were trading at Rs659.80 on the BSE, down 7.27% from previous close.