Comments
Hindustan Motors has disclosed that in terms of sale of its assets of its Chennai car plant to Hindustan Motor Finance Corporation Ltd, a CK Birla group outfit, at Rs 154.54 crore, it made a gain of Rs 89.10 crore.
As a result, during the January-March quarter it reported a profit of Rs 12.44 crore against a loss Rs 1.16 crore in the corresponding quarter last year.
It further said that the BIFR has registered its reference as the accumulated losses of the company at the end of the financial year ended September 30, 2013 exceeded its entire net worth.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.