Taj Gvk Hotels & Resorts today said its profit from ordinary activities after tax rose by 54.05 per cent to Rs 12.17 crore for the fourth quarter ended March 31, over the same period corresponding fiscal.
Net sales rose to Rs 63.34 crore for the fourth quarter ended March, compared to Rs 56.94 crore during the same period previous fiscal, Taj Gvk Hotels said in a filing to the BSE.
The company has recommended a dividend of Rs 2 per share for the financial year 2009-10.
For the year ended March, 2010, the company posted a net profit of Rs 36.26 crore, compared to Rs 52.76 crore in the last fiscal.
Shares of Taj Gvk Hotels were trading at Rs 174.10 on the BSE, down 1.44 per cent from its previous close.
