Aptech Ltd. said its board had approved buyback of its equity shares of Rs.10 each from the open market at a price of Rs.82 apiece for an aggregate amount of Rs.64.66 crore.
The board also recommended a final dividend of 25 percent or Rs.2.50 per equity share of Rs.10 each for the fiscal year 2013.
For the fiscal year, the company posted a stand-alone net profit of Rs.25.27 core up by 39 percent from the Rs.18.20 core for the year ended March 31, 2012. Income from operations and dividend income totaled Rs.100.39 crore, higher by five percent than the Rs.95.37 crore in 2012.
On a consolidated basis, its fiscal year net profit, after minority interest and share of associates, fell by 59 percent to Rs.31.30 crore from the Rs.76.03 crore a year-ago. Income from operations and dividend income was Rs.169.24 crore, compared with Rs.227.28 crore last year, reflecting a 26 percent decline.
At the BSE, Aptech shares are currently trading at Rs.63.70, up 9.08 percent from the previous close.
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