Oil and gas explorer Shiv Vani Oil & Gas Exploration Services today said its consolidated net profit rose 3.32 per cent to Rs 199.11 crore in the year ended March 31, 2010.

The group had registered a consolidated net profit of Rs 192.71 crore in the previous year, Shiv Vani Oil & Gas Exploration Services said in a filing to the Bombay Stock Exchange (BSE).

Consolidated net income increased to Rs 1,252 crore in the year under review from Rs 871.27 crore in the last fiscal. However, standalone net profit decreased to Rs 92 crore in the year under review from Rs 94.81 crore in the previous year.

Standalone net income of the company jumped to Rs 1,071.80 crore in the 12-month period under review from Rs 680.38 crore in the last fiscal.

The board of directors recommended payment of a dividend of Re 1 per share on the total paid-up capital of over Rs 46.36 crore for the year ended March 31, 2010, it said.

Shares of the company closed at Rs 440.50, up 1.22 per cent from the previous close on the BSE.