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.
At 2 pm, the shares of the company were trading down 1.22% at Rs 1,588.20 on the BSE.
