Hindustan Motors reported Rs 29 lakh profit in Q2

Hindustan Motors Limited today announced a total profit of Rs.29 lakhs for the quarter ended September 2013-14 fiscal.

Hindustan Motors said,” We loss of Rs 30.10 crore in the July-September quarter of last year ended of September, 2012-13 fiscal.”

However, the net sales of the C K Birla Group owned company decreased to Rs102.99 crore in Q2 2013-14, as compared to Rs 131.21 crore in the same period a previous fiscal.

The Company’s script closed today at Rs  7.69, up 3.22% on the BSE from its previous close.