HM posts 79.37% fall in Q4 net profit

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Posted: 2008-05-08 18:09:49+05:30 IST
Updated: May 08, 2008 at 1809 hrs IST

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New Delhi, May 8: : Vehicle manufacturer Hindustan Motors on Thursday reported a decline of 79.37 per cent in its standalone net profit for the quarter ended March 31 at Rs 10.95 crore, compared to Rs 53.07 crore in the same period in 2007.

The company's total income during the quarter, however, increased by 23.06 per cent at Rs 194.22 crore, against Rs 157.82 crore in the year ago period, Hindustan Motors (HM) said in a statement.

The audited standalone net profit for the year ended March 31 was at Rs 30.84 crore, compared to Rs 13.30 crore last fiscal, an over two-fold jump.

HM's total income for 2007-08 also increased by 6.70 per cent at Rs 677.89 crore, against Rs 635.34 crore during previous financial year, the company said.

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HM posts 79.37% fall in Q4 net profit

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