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This is an archive article published on April 15, 2011

Jay Bharat Maruti net profit soars 82%

Auto component maker Jay Bharat Maruti today reported 82.29 per cent jump in its net profit for 2010-11 at Rs 38.30 crore.

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Auto component maker Jay Bharat Maruti today reported 82.29 per cent jump in its net profit for 2010-11 at Rs 38.30 crore.

The company had posted a net profit of Rs 21.01 crore in the corresponding period previous fiscal,Jay Bharat Maruti said in a statement.

The revenue of the company in the last financial year also increased by 32.01 per cent to Rs 1,060.29 crore from Rs 803.21 crore in 2009-10,it added.

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The board of directors of the firm recommended a 40 per cent dividend of Rs 2 for 2010-11 on fully paid-up equity shares of Rs 5 each,the company said.

The shares of the company today closed 0.21 per cent down at Rs 96.05 a piece on the Bombay Stock Exchange.

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