Graphite India Ltd board recommended dividend of Rs. 3.50 per equity share of Rs. 2 each for 2011-12 on Friday.
It reported a FY12 net profit of Rs 237.89 crore (Rs 172.32 crore). Net sales improved to Rs 1,696.37 crore from Rs 1,249.26 crore.
The net profit swelled by around Rs 30 crore on account profit on sale of a wholly owned overseas subsidiary, Carbon International Holdings NV, on March 14.