Fashion garments maker Provogue has reported a 24.67 per cent jump in consolidated net profit to Rs 26.17 crore for the year ended March 31, 2011 against Rs 20.99 crore for the year-ended March 31, 2010.
According to Bombay Stock Exchange filing, the company has recommended a dividend of 25 paisa per share of Rs 2 face value, subject to the approval of shareholders.
The company said cash outflow on account of dividend, including taxes, would be Rs 3.32 crore for the fiscal.
During the fiscal, Provogue’s consolidated net sales increased by 39.45 per cent to Rs 661.26 crore from Rs 474.18 crore in the year-ago period.
On a standalone basis, the firm achieved a net profit of Rs 33.40 crore during the fiscal, a 17.81 per cent increase from Rs 28.35 crore in the previous fiscal. Standalone net sales increased by 18.26 per cent to Rs 550.34 crore from Rs 465.36 crore.
Segment-wise, the firm’s textile business achieved a revenue of Rs 586.67 crore during the fiscal compared with Rs 489.76 crore in the previous fiscal. Infrastructure business earned a revenue of Rs 10.08 crore, up from 2.06 crore in the previous fiscal.