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IFGL Refractories Ltd, a Kolkata-based refractory supplier to steel plants, has reported a 66 per cent increase in standalone net profit to Rs 5 crore for the quarter ended March 31, 2012.
The company had reported a net profit of Rs 3 crore in the same period last fiscal.
The company had on Saturday recommended a dividend of Rs 1.50 or 15 per cent on each paid-up equity share of face value Rs 10 each. It has a recommended a dividend of Rs 5 or 5 per cent on a preference shares of Rs 100 each.
Total income from operations during the quarter stood at Rs 72 crore.
During the year, the company reported a 142 per cent increase in standalone net profit to Rs 17 crore. Its standalone net income during the year stood at Rs 277 crore.
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