Hindustan Motors Profited Around Rs.18 crore in the Last Quarter of FY2011-12

The Indian auto marque, Hindustan Motors has registered a profit of Rs. 18.01 crore in the last quarter of the fiscal year 2011-12, but this profit also couldn’t do wonders for the company when the whole financial year’s profits were considered. Despite this huge profit, the company recorded a stand-alone loss of Rs. 29.96 crore in the FY 2011-12. The company registered a profit of Rs. 75 lakh in the financial year 2010-11. When the consolidated figures were considered the company recorded a lower year-on-year net loss of Rs. 31.42 crore against Rs. 32.17 crore. The fourth quarter’s profit on sale or transfer of investments and immovable properties was reported to be Rs. 43.14 crore; this figure stood at Rs. 100.56 crore for the entire last fiscal year.

Hindustan Motors has recently rolled out the upgraded version of the Mitsubishi Montero SUV with an attractive price tag of Rs. 7.99 lakh (ex-showroom Delhi) in solid white, cool silver metallic and black mica colors. The new Mitsubishi Montero sports new and muscular front bumper and new chrome grille. The interior flaunt new illumination color and new finish on power windows and leather seats. This new SUV derives power from the 3.2-liter DOHC diesel engine that supports intercooler and turbocharger and generates a max power of 202 PS and max torque of 441 Nm.