Kale Consultants has registered a rise of 89 per cent in the net profit for the financial year ended March 31, 2010. The board of the company has also recommended a dividend of Rs 2 per equity share, subject to the shareholders' approval.
In a stock exchange filing, the company has reported net profit of Rs 19.14 crore for the financial year 2009-10. This is higher than Rs 10.13 crore registered in the previous financial year 2008-09.
The income in FY10 has been pegged at Rs 126.73 crore, compared to Rs 102.62 crore in the previous financial year.
Meanwhile, for the quarter ended March 31, 2010, the company reported a net profit of Rs 6.65 crore, compared to 4.25 crore for the corresponding period of the previous fiscal.
Shares of Kale Consultants were trading marginally higher at Rs 114.70 on the Bombay Stock Exchange.