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Hindustan Motors reports Q1 net profit at Rs 17.20 crore

05 Aug 2011 Evaluate

Auto maker Hindustan Motors reported results for the first quarter ended June 30, 2011.

The company has registered a net profit of Rs 17.20 crore for the first quarter ended June 30, 2011 against net loss of Rs 19.73 crore in the same period previous fiscal. The company's net sales declined by 18.64% and stood at Rs 121.22 crore for the June quarter, as compared to Rs 149.09 crore in the same period last financial year.

Recently, Hindustan Motors (HML), India’s pioneering automobile manufacturing company was set to get its most radical makeover of Ambassador in the six decades of its history. The oldest face of Indian automobiles, which carries the legacy of the British Raj on its wheels, will undergo a complete change from structural design to aerodynamics to aesthetics.

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