HINDUSTAN MOTORS LIMITED

Article Abstract:

Hindustan Motors Ltd of Calcutta has announced its audited financial results for the year ended March 31, 1998. It has recommended a dividend of one rupee per ordinary share. Its projects to produce Lancer cars and Rural Transport Vehicles are progressing. The company has a paid up equity share capital of Rs10,757 lakh. (khr) ------------------------------------------------------------ Audited Financial Results of Hindustan Motors Ltd (Rs in lakh) ------------------------------------------------------------ Particulars 1997-98 1996-97 ------------------------------------------------------------ Net sales 100,348 95,247 ------------------------------------------------------------ Other income 901 552 ------------------------------------------------------------ Total income 101,249 95,799 ------------------------------------------------------------ Total expenditure 88,091 83,351 ------------------------------------------------------------ Interest 5,832 5,569 ------------------------------------------------------------ Gross profit after interest, 7,326 6,879 before depreciation & tax ------------------------------------------------------------ Depreciation 2,496 2,434 ------------------------------------------------------------ Tax 895 513 ------------------------------------------------------------ Net profit 3,935 3,932 ------------------------------------------------------------ >EN

Comment:

Reports increase in net sales to Rs100,348 lakh in 1997-98 from Rs95,247 lakh in 1996-97

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HIND MOTORS' RESULTS STAY FLAT

Article Abstract:

Hindustan Motors Ltd (HML) has been able to maintain its 1997-98 profits at the 1996-97 levels despite fall in vehicle sales. It has declared a 10 percent dividend for 1997-98. (ag) ------------------------------------------------------------ Performance of Hindustan Motors Ltd (Rs in crore) ------------------------------------------------------------ Particulars 1997-98 1996-97 ------------------------------------------------------------ Sales 1,298.73 1,253.34 ------------------------------------------------------------ Net Profit 39.35 39.32 ------------------------------------------------------------ Other Income 9.01 5.52 ------------------------------------------------------------ Interest Cost 58.32 55.69 ------------------------------------------------------------ Ambassador Car Sales (in no of vehicles) 21,382.00 24,294.00 ------------------------------------------------------------

Comment:

Declares 10% dividend for 1997-1998 after maintaining 1997-98 profits at 1996-97 levels despite fall in vehicle sales

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M&M NET SKIDS 26% TO Rs82.8 Cr

Article Abstract:

Mahindra & Mahindra (M&M), a tractor and utility vehicle producer, has posted a 26 percent fall in its net profit during the first half of 1998-99. It also posted a two percent rise in the sales following a better product mix and an increase in the sales price. M&M also posted a rise in the depreciation and interest expenses due to the capital expenditure incurred by it. (ag)

Mahindra and Mahindra Ltd.

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