Foseco India Ltd has posted a net profit of Rs 20.93 million for the quarter ended December 31, 2002 as compared to a net loss of Rs 8.29 million for the quarter ended December 31, 2001. Total income has decreased from Rs 223.04 million in Q4-01 to Rs 198.75 million in Q4-02.

The company has posted a net profit of Rs 106.60 million for the year ended December 31, 2002 as compared to a net loss of Rs 34.10 million for the year ended December 31, 2001. Total income has decreased from Rs 882.65 million in FY-01 to Rs 806.16 million in FY-02.

It declared 150 per cent dividend for the year.

BSE Code: 500150