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Textile firm Filatex India on Thursday reported over five-fold jump in net profit to ₹118.39 crore for the quarter ended on March 31, on account of higher income. The company had reported a net profit of ₹21.03 crore for the January-March quarter of the previous fiscal.
Filatex India's total income during the period under review stood at ₹858.16 crore, up 27.48 per cent, as against ₹673.16 crore in the year-ago period, the company said in a BSE filing.
The company's board also recommended a final dividend of ₹0.40 per equity share for the financial year 2020-21 subject to approval of the members of the company in the next annual general meeting.
Shares of Filatex India Ltd were trading 5.37 per cent higher at ₹78.50 apiece on BSE.
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