Hind Motors posts Rs 18-cr net profit in fourth quarter

Car maker Hindustan Motors Ltd made a net profit Rs 18.01 crore in the fourth quarter of 2012, but could not prevent a net loss for the financial year. The company recorded a stand-alone net loss of Rs 29.96 crore for the year, against a net profit of Rs 75 lakh in 2010-11. The consolidated net loss, however, was lower year-on-year at Rs 31.42 crore (Rs 32.17 crore). The Q4 exceptional item (profit on sale/transfer of immovable properties and investments) was Rs 43.14 crore. For the whole of FY12, it was Rs 100.56 crore.