Swaraj Engines Q4 net profit rises 20 pc; FY11 net up 18 pc

NEW DELHI: Swaraj Engines today reported 20.20 per cent rise in its net profit for the quarter ended March 31, 2011, at Rs 11.07 crore.

The company had posted a net profit of Rs 9.21 crore in the corresponding period last year, Swaraj Engines said in a filing to the Bombay Stock Exchange (BSE).

The total operating income during the fourth quarter of last fiscal increased by 26.94 per cent to Rs 96.93 crore from Rs 76.36 crore in the year-ago period, it added.

For the entire 2010-11 financial year, Swaraj Engines' net profit rose by 17.56 per cent to Rs 43.91 crore from Rs 37.35 crore in the previous fiscal.

The total operating income during last fiscal stood at Rs 360.63 crore as against Rs 282.44 crore in 2009-10, up 27.68 per cent, the filing said.

The board of the company recommended a 100 per cent dividend, which is Rs 10 per equity share on face value of Rs 10 each.

Shares of the company today jumped up 3.10 per cent over the previous close to end the day at Rs 468.50 on the BSE.