Hindustan Motors today reported a 61.78 per cent decline in net profit at Rs 10.99 crore for the third quarter ended December 31, 2008, as compared to Rs 28.76 crore in the same quarter last fiscal.
Net sales dipped to Rs 110.23 crore in the quarter under review from Rs 147.28 crore in the corresponding year-ago period.
Shares of the company closed at Rs 11.39, down 0.52 per cent on the BSE.
