Gujarat State Fertilizers & Chemicals (GSFC) today said its net profit jumped three folds at Rs 98.43 crore for the quarter ended March 31, 2009, over the same period last year.
The company had a net profit of Rs 28.56 crore in the same period ended March 2008, GSFC said in a filing to the Bombay Stock Exchange.
GSFC's total income rose to Rs 846.90 for the period ended March 31, 2009, from Rs 800.44 crore in the same period last year.
In the year ended March 31, 2009, the company posted a net profit of Rs 499.36 crore, jumped two-fold from Rs 238.45 crore in the same period last year.
The board of directors of the company has proposed a dividend of Rs 4.5 a piece (45 per cent), the filing added.
Shares of Gujarat State Fertilizers & Chemicals were trading at Rs 183, up 0.72 per cent on the BSE.