BOC India has soared 14% to Rs 372, its lifetime high, after reporting three-fold jump in net profit at Rs 50.62 crore on back of higher operational income for the fourth quarter ended December 2011.

The company engaged in supply of gas and related products and services in India, had recorded a net of Rs 19.33 crore in year earlier. Total operational income grew 50% at RS 376 crore on year-on-year basis.

The profit margins improved more than 600 basis points each, with operating profit margins at 26.8% (18.33%) and net profit margins at 14.83% (7.88%) during the recently concluded quarter.

The board of directors of the company has recommended a dividend of 15% (i.e. 1.50 per equity share) of Rs 10 each for the year ended December 31, 2011.

The trading volumes on the counter surged multiple fold; with a combined 300,233 shares have changed hands so far, against an average around 15,000 shares that were traded daily in past two weeks on the NSE and BSE.