Gujarat State Petronet Ltd today said net profit jumped two-fold to Rs 107.8 crore for the quarter ended March 31, 2010, over the same period last year.
The company had posted a net profit of Rs 34.7 crore in the same quarter of the previous fiscal.
Total income rose to Rs 269.9 crore for the January-March quarter from Rs 136.4 crore in the same quarter of the previous fiscal, Gujarat State Petronet Ltd (GSPL) said in a filing to the Bombay Stock Exchange.
The board has proposed a dividend of Rs 1 per share of Rs 10 each for the 2009-10 financial year.
During the full fiscal, the company had transported 11,572.71 mmscm of gas against 5,428.48 mmscm in the same period of the corresponding fiscal.
For the year ended March 31, 2010, the company has posted a net profit of Rs 413 crore, a jump of over two-fold from the same year-ago period.
Shares of Gujarat State Petronet Ltd were trading at Rs 92.05 on the BSE, up 1.27 per cent from the previous close.