FMCG firm Bajaj Corp today reported 48.87% jump in its standalone net profit for the quarter ended December 31, 2011, at Rs 28.88 crore.
The company had posted a net profit of Rs 19.40 crore in the corresponding period last financial year, Bajaj Corp said in a filing to the BSE.
The standalone total income during the third quarter of this fiscal also increased by 30.57% to Rs 112.50 crore from Rs 86.16 crore in the year-ago period, it added.
The company also said its board of directors have recommended an interim dividend for 2011-12 at 400%, which is Rs 4 per equity share on a face value of Re 1 each.
The shares of the company today closed 2.06% up at Rs 109 apiece on the BSE