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.
The scrip shed 0.94% to currently trade at Rs 42,158.05 on the BSE.
The stock has gained 40.57% in the past three months while the benchmark Sensex has added 23.23% during the same period.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app