M&M Q4 net up 89 pc at Rs 418 cr, declares 100 pc dividend

The company had a net profit of Rs 221.10 crore in the March quarter of FY'08, M&M said in a filing to the Bombay Stock Exchange.

The total income increased 17.02 per cent at Rs 3,715.88 crore during the quarter as against Rs 3,175.45 crore in the corresponding period the previous fiscal.

The board has declared a dividend of 100 per cent at the rate of Rs 10 a piece, on shares of the face value of Rs 10 each, for the financial year ended March 31, 2009.

However, in the fiscal year 2008-09, M&M's audited consolidated net profit fell 10.55 per cent to Rs 1,405.41 crore from Rs 1,571.12 crore in the previous fiscal.

The company's total income, however, rose 10.12 per cent to Rs 26,919.81 crore in FY'09 from Rs 24,445.29 crore in FY'08.

Last year, M&M had merged Punjab Tractors Ltd with itself and the consolidated figures of the firm include the profits of PTL, the company said.

On a standalone basis, M&M reported a 21.38 per cent dip in net profit at Rs 867.51 crore for FY'09. The standalone total income rose to Rs 13,364.02 crore during the fiscal, from Rs 11671.64 crore in the year-ago period.

Shares of M&M surged nearly six per cent to a high of Rs 662 on the BSE.

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