Puravankara Projects Ltd. said its board recommended an interim dividend of 50 percent of Rs.2.50 per equity share of Rs.5 each for the fiscal year 2013. It fixed May 02 as the Record Date for the purpose of payment of interim dividend.
The company's fourth-quarter stand-alone net profit rose more than two-fold to Rs.29.67 crore from the Rs.11.99 crore for the quarter ended March 31, 2012. Total income from operations stood at Rs.255.87 crore, compared with Rs.144.39 crore in Q4FY12, an increase of 77 percent.
On a consolidated basis, its net profit, after share of associates, for the fourth-quarter was Rs.78.78 crore, up by 71 percent from the Rs.46.05 crore in the year-ago quarter. Total income from operations totaled Rs.414.87 crore, higher by 79 percent than the Rs.231.97 crore in the corresponding quarter of the preceding year.
At the BSE, Puravankara Projects closed Wednesday's trading at Rs.105.20, up 7.46 percent from the previous close.
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