Lubricant maker Castrol India today said its net profit rose by 71.91 per cent to Rs 80.8 crore for the quarter ended December 31, 2009.
The company also announced that it will issue bonus shares to its shareholders.
Total income for the December quarter increased to Rs 615.5 crore from Rs 547 crore in the same period last year, Castrol India said in a filing to the Bombay Stock Exchange.
For the year ended December 31, 2009, the company posted a net profit of Rs 381 crore, up 45.41 per cent over the year ago period.
The company's board has approved to issue one bonus share for every equity share of Rs 10 each held by the shareholders on the record date to be fixed in consultation with the Stock Exchange.
The board has also decided to pay a final dividend of Rs 15 per equity share (including a special dividend of Rs 10) for the year ended December 31, 2009.
The said issue is subject to the approval of the shareholders and such other approvals as maybe necessary.
Shares of Castrol India were trading at Rs 659.80 on the BSE, down 7.27 per cent from previous close.