Hindustan Motors March quarter net profit at Rs 12 cr

Tags: News
Hindustan Motors today posted a net profit of Rs 12.44 crore for the quarter ended March 31.

The company had posted a net loss of Rs 1.16 crore for the same period of previous fiscal.

Net sales of the company declined to Rs 91.72 crore for the quarter while it stood at Rs 172.33 crore for the same period of previous fiscal, Hindustan Motors Ltd said in a filing to the BSE.

"Financial year 2013-14 is for six month period from October 1, 2013 to March 31, 2014 and hence the previous year's figures, which is for eighteen month period ended September 30, 2013 are not comparable," it added.

In a separate filing, the company said its board has approved to delist shares from The Calcutta Stock Exchange.

Hindustan Motors shares today closed at Rs 8.50 apiece on the BSE, up 0.71 per cent from previous close.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Bureaucrats have enjoyed flying miles at taxpayer expense for too long

    The beleaguered Indian taxpayer will certainly applaud prime minister Narendra Modi’s attempt to deliver on his promise of cutting down fiscal defic

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Varun Dutt

<b>Riskfactor</b>: CHAIN REACTION

A domino effect is the cumulative effect produced when one ...

Zehra Naqvi

Rememberance and forgetting are crucial

Memories are so vital to our lives that they can ...

Dharmendra Khandal

Sandalwood may get extinct if not protected

When we talk of sandalwood, the most common usage that ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture