Transport Corporation of India (TCI) has revealed that it has recorded a dip of 28.43% in net profit which stood at Rs 11 crore in the fourth quarter of the fiscal ended March 31, 2009.

The company stated in a communiqué to Bombay Stock Exchange that it has clocked a lower profit at Rs 11 crore compared to net profit of Rs 15 crore in the same quarter ended March 2008.

The company's net sales for quarter under review have witnessed a downward trend to Rs 324 crore from Rs 328 crore in the same period last fiscal.

During Financial Year 2009, TCI has registered a consolidated net profit of Rs 33 crore, up 1.06% over the previous fiscal.

Further, company's board has announced a dividend of Rs 0.60 per share on shares of face value of Rs 2 each for Financial Year 2009.

Stock of Transport Corporation of India marked its closure in green at Rs 63, up 5.61% on National Stock Exchange (NSE). The total volume of shares traded on NSE was 30,761.