Satyam Computer Services Ltd on Friday posted a 35.96 per cent rise in net profit at Rs 289.90 crore (Rs 2.9 billion) for the quarter ended March 31 as compared to Rs 213.21 crore (Rs 2.13 billion) in the same period last fiscal.
Total income increased 31.56 per cent to Rs 1,287.52 crore (Rs 12.88 billion) for fourth quarter in 2005-06 from Rs 978.64 crore (Rs 9.79 billion) in the year-ago period, the company informed the Bombay Stock Exchange.
The board of directors has recommended a final dividend of 250 per cent, that is Rs 5 per share on face value of Rs 2 per share, subject to the approval of the shareholders.
The board has also recommended a bonus issue in the ratio of 1:1.
For the year ended March 31, the company's net profit stood at Rs 1,239.75 crore (Rs 12.4 billion) as compared to Rs 750.26 crore (Rs 7.5 billion) in the previous fiscal.
Total income has increased to Rs 5,012.22 crore (Rs 50.12 billion) for 2005-06 from Rs 3,546.78 crore (Rs 35.47 billion) a year ago.Do you want to discuss stock tips? Do you know a hot one? Join the Stock Market Investments Discussion Group
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