Satyam's Q4 net up 36 pc at Rs 289.90 cr

Satyam Computer Services Ltd posted a 35.96 per cent rise in net profit at Rs 289.90 crore for the fourth quarter.

Satyam Computer Services Ltd on Friday posted a 35.96 per cent rise in net profit at Rs 289.90 crore for the quarter ended March 31 as compared to Rs 213.21 crore in the corresponding period last fiscal.

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Total income increased 31.56 per cent to Rs 1,287.52 crore for fourth quarter in 2005-06 from Rs 978.64 crore last year in the same period, the company informed the Bombay Stock Exchange.

The board of directors has recommended a final dividend of 250 per cent, that is Rs 5 per share on face value of Rs 2 per share, subject to the approval of the shareholders.

The board has also recommended a bonus issue in the ratio of 1:1.

For the year ended March 31, the company's net profit stood at Rs 1,239.75 crore as compared to Rs 750.26 crore in the previous fiscal.

Total income has increased to Rs 5,012.22 crore for 2005-06 from Rs 3,546.78 crore a year ago.