Hindustan Motors registers profit of Rs. 29 lakh in Q2

Hindustan Motors on Monday reported a profit of Rs. 29 lakhs for the quarter ended September, 2013-14 fiscal.

It had posted a loss of Rs. 30.10 crore in the July-September quarter of last fiscal, 2012-13, Hindustan Motors said in a filing to the BSE.

However, net sales of the C. K. Birla Group owned company decreased to Rs. 102.99 crore in Q2, 2013-14, compared to Rs. 131.21 crore in the same period a year ago.

The company’s scrip closed on Monday at Rs 7.69, up 3.22 per cent, on the BSE from its previous close.