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This is an archive article published on May 16, 2011

Hind Motor posts Q4 net loss at Rs 7 crore

Hindustan Motors Ltd Monday reported a net loss of Rs 6.97 crore for the Q4 period ended March 2011.

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Hindustan Motors Ltd Monday reported a net loss of Rs 6.97 crore for the Q4 period ended March 2011,down from Rs 31.8 crore in the corresponding period an year-ago.

The net loss for the full financial year 2010-11 was Rs 32.17 crore as against loss Rs 42.86 crore in the year before.

The company has informed the stock exchanges that accumulated losses of March,2011 are less than 50 per cent of its peak net worth during the immediately preceding four financial years and therefore the company is ceased to be ‘potentially sick company’ and they will inform the same to BIFR.

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