Biral Corp Q4 net up 5% to Rs90 cr, declares dividend

Biral Corp Q4 net up 5% to Rs90 cr, declares dividend
PTI
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First Published: Thu, May 07 2009. 08 50 PM IST
Updated: Thu, May 07 2009. 08 50 PM IST
Mumbai: Birla Corporation Ltd, the flagship company of the M P Birla Group, on Thursday said its net profit grew 4.67% during the fourth quarter ended 31 March 2009, to Rs90.61 crore over the corresponding period a year ago.
The company had a net profit of Rs86.56 crore during the January-March quarter a year ago, Birla Corporation said in a filing to the Bombay Stock Exchange.
Net sales of the company during the fourth quarter of FY09 rose to Rs570.82 crore from Rs488.69 crore in the same quarter a year ago.
Further, the company has announced a dividend of Rs4.5 per share.
However, for the fiscal year ended 31 March 2009, Birla Corporation posted net profit of Rs323.51 crore, registering a fall of nearly 18% compared to Rs393.57 crore of FY08.
Net sales of the company during 2007-08 rose to Rs1,790.65 crore from Rs1,724.78 crore in previous fiscal.
Shares of Birla Corporation closed at Rs206.40, up 3.30% on the BSE.
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First Published: Thu, May 07 2009. 08 50 PM IST