Hindustan Motors posts Rs.15.80 crore Q3 net profit

January 27th, 2011 - 8:49 pm ICT by IANS  

Kolkata, Jan 27 (IANS) Hindustan Motors Ltd Thursday reported a net profit of Rs.15.80 crore during the quarter ended December 2010 as compared to loss of Rs 24.89 crore in the corresponding period last year.According to a company release, the company, maker of Ambassador cars, posted net sales of Rs.152 crore during the third quarter of current fiscal as compared to Rs.150 crore in the corresponding quarter last year.

The company has earned profit on sale of property and investment of Rs.43.59 crore during the quarter, the release added.

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