High interest payments hurt Reliance Infrastructure Ltd's profits in Q4 and the full fiscal. Interest costs doubled to Rs 419 crore in Q4 and Rs 1,336 crore for the full fiscal.

The company, which is into developing projects in roads, metro rail and airports and power business, reported flat net profit in Q4 of 2011-12 at Rs 411 crore, even as income almost doubled to Rs 7,135 crore. The company also reported a tax write back of Rs 117.66 crore in this quarter, against Rs 58 crore in the corresponding quarter in the previous fiscal.

For the full year, the company reported a flat net profit of Rs 1,587 crore (Rs 1,552 crore) on a 59 per cent growth in total operating income of Rs 24,272 crore.

Its orderbook was worth Rs 17,280 crore at the end of the fiscal ended March, the company press release said. The company's income from infrastructure development business rose to Rs 92 crore in the quarter, from Rs 50 crore a year ago. Revenue from electricity business was slightly lower at Rs 2,902 crore from Rs 2,931 crore in the same quarter last year.

The Board of Directors recommended a dividend of Rs 7.30 a share on fully paid up equity shares of Rs 10 each. The dividend, if approved by the shareholders, will be paid on the equity share capital of Rs 262.99 crore. The Reliance Infra scrip closed at 463.05, up 1.86 per cent today.

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