Hindustan Motors today reported a net profit of Rs 18.01 crore for the fourth quarter ended March 31, 2012.
The company had posted a net loss of Rs 6.97 crore in the same period of 2010-11.
Net sales of the company declined to Rs 134.93 crore for the fourth quarter, as against Rs 155 crore in the same period of 2010-11 fiscal, the company said in a statement.
Hindustan Motors reported a loss of Rs 29.96 crore for the fiscal ended 2011-12 due to adverse foreign exchange rate.
The company had posted a net profit of Rs 75 lakh in the previous fiscal.
The company's net revenue from operations for the fiscal 2011-12 stood at Rs 495.48 crore, as against Rs 654.79 crore in the previous year, .
"The operating results for the current year have been adversely affected due to adverse exchange rate of USD/Japanese yen as well as market conditions," it added.
Shares of Hindustan Motors today closed at Rs 9.45 apiece on the BSE, down 0.74% from its previous close.
