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Hyderabad, May 28 The IVRCL group has crossed the $1-billion mark by achieving a turnover of Rs 4,604.30 crore, even as its flagship company Infrastructures and Projects Ltd (IVRCL) registered a turnover of Rs 1,325 crore in the fourth quarter ended March 2008 as against Rs 1,009 crore in the same quarter last year, showing a growth of 31 per cent.

The net profit stood at Rs 73.30 crore (Rs 73.23 crore).

For the financial year ended March 31, 2008, IVRCL achieved a turnover of Rs 3,698 crore as against Rs 2,346 crore, registering a growth of 58 per cent. The net profit for the year was put at Rs 210.47 crore (Rs 141.46 crore), an increase of 49 per cent, Mr E. Sudhir Reddy, Chairman and Managing Director, said here in a press release.

The EPS (earnings per share) was put at Rs 16.07 (Rs 12.38). The board of directors has recommended a dividend of 70 per cent (Rs 1.40 per a share of Rs 2 each).

IVR Prime Urban Developers Ltd achieved a turnover of Rs 595.80 crore for the financial year 2007-08 as against Rs 147.8 crore. The net profit went up to Rs 175.80 crore from Rs 20.70 crore. The board recommended a maiden dividend of 40 per cent (Rs 4 per a share of Rs 10 each).

Hindustan Dorr Oliver Ltd, the engineering subsidiary of IVRCL, registered a turnover of Rs 310.40 crore in 2007-08 as against Rs 214.60 crore last year, an increase of 45 per cent. The net profit was put at Rs 22.60 crore from Rs 15.40 crore.

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