Hindustan Motors has turned in better results in the second quarter of the current fiscal following the various steps taken by the company in the last few months.
The unaudited financial results for the quarter ended September 30, 2010 have been approved by company's board meeting held here on Monday.
Net sales have increased by 48 per cent to Rs.202.90 crore during the quarter from Rs.137.9 crore in the same quarter last year. The loss, before exceptional items has reduced by 40 per cent to Rs.16.80 crore (Rs.28.10 crore). The company earned Rs.28.90-crore profit on sale of property and investment during the quarter and has reported a net profit of Rs.11.70 crore.
