Honeywell Automation India reported 3.6% rise in net profit to Rs 149.89 crore on a 3% decline in net sales to Rs 874.16 crore in Q3 FY21 over Q3 FY20.
Total expenditure declined 3.6% to Rs 686.61 crore while interest expense was down 27.9% to Rs 1.32 crore in the third quarter as compared to the same period last year.
Profit before tax in Q3 December 2020 stood at Rs 202.01 crore, up by 3.9% from Rs 194.44 crore in Q3 December 2019. Tax expense during the quarter decreased by 1.2% year-on-year (YoY) to Rs 48.88 crore.
Honeywell Automation India is engaged in providing integrated automation and software solutions, including process solutions and building solutions.It has a wide product portfolio in environmental and combustion controls, and sensing and control, and also provides engineering services in the field of automation and control to global clients.
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