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This is an archive article published on August 4, 2011

Hindustan Motors profit at Rs 17 cr

Company posted net loss of Rs 19.73 cr in last fiscal.

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Auto maker Hindustan Motors on Thursday reported a net profit of Rs 17.20 crore for the first quarter ended June 30,2011. The company had posted a net loss of Rs 19.73 crore in the same period previous fiscal,Hindustan Motors said in a filing to the Bombay Stock Exchange (BSE). The company’s net sales stood at Rs 121.22 crore for the June quarter,as compared to Rs 149.09 crore in the same period last financial year. Shares of Hindustan Motors on Thursday closed at Rs 17.45 on BSE,down 0.57 per cent from its previous close.

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