Two-wheeler maker Hero Honda on Wednesday posted a 19.9 per cent decline in its net profit to Rs 429 crore in the third quarter ended December 31, 2010, over the same period last financial year.
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 per cent increase from Rs 3,814.4 crore posted in the corresponding quarter last year.
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