Hero Honda Q3 net down 19.9% to Rs 429 cr | autos | Hindustan Times
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Hero Honda Q3 net down 19.9% to Rs 429 cr

autos Updated: Feb 02, 2011 14:56 IST

PTI
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Two wheeler maker Hero Honda today posted a 19.9% decline in its net profit to Rs 429 crore in the third quarter ended December 31, 2010 over the same period last fiscal.

The company had a net profit of Rs 535.7 crore in the quarter ended December 31, 2009, Hero Honda said in a filing to the Bombay Stock Exchange.

During the quarter under review, the company's net sales stood at Rs 5,118.19 crore, a 34.1% increase from Rs 3,814.4 crore posted in the corresponding quarter last fiscal.