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Hindustan Motors net down 62% to Rs11 cr

Hindustan Motors net down 62% to Rs11 cr
PTI
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First Published: Wed, Jan 28 2009. 07 07 PM IST
Updated: Wed, Jan 28 2009. 07 07 PM IST
Mumbai: Hindustan Motors on Wednesday reported a 61.78% decline in net profit at Rs10.99 crore in the third quarter (Q3) ended 31 December 2008.
The company had a net profit of Rs28.76 crore in the December quarter of FY 08, Hindustan Motors said in a filing to the Bombay Stock Exchange.
Net sales dipped to Rs110.23 crore in the quarter under review from Rs147.28 crore in the corresponding year-ago period.
Shares of the company closed at Rs11.39, down 0.52% on the BSE.
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First Published: Wed, Jan 28 2009. 07 07 PM IST