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Riding on the back of higher sales, Speciality Restaurants Ltd posted a 150 per cent rise in net profit to Rs 5 crore for the quarter ended March 31, 2013. Profits stood at Rs 2 crore during the same period last year.
The board has recommended a dividend of Re 1 a share of face value of Rs 10 each for 2012-13.
Shares of Speciality Restaurants closed at Rs 180.65, up by 6.23 per cent on the BSE on Wednesday.
On a sequential basis, however, profits declined by over 28 per cent from Rs 7 crore during the quarter ended December 31, 2012.
Net sales during the January-March 2013 quarter grew by 23 per cent to Rs 54 crore.
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