Hindustan Media Ventures Ltd (HMVL) has clocked a 23.6% growth in net profits for the fourth quarter-ended March 31 at Rs 12.9 crore compared to Rs 10.4 crore in the corresponding quarter of the previous year. Total income of the company during the quarter stood at Rs 130.6 crore - up by 14.1% as compared with Rs 114.5 crore last year.
Net profit of the company during the full year 2010-11 grew by 263.4% at Rs 53.6 crore from Rs 14.8 crore in the previous year.
Total income during 2010-11 grew by 212.2% at Rs 520.4 crore from Rs 166.7 crore in the previous year.
The board has also recommended payment of dividend on equity shares of Rs 10 each at the rate of Rs 1 per equity share for the financial year ended March 31.