Honeywell Automation soars after Q3 PAT jumps 69%

On a standalone basis, Honeywell Automation India's net profit surged 69% to Rs 144.74 crore in Q3 December 2019 as against net profit of Rs 85.62 crore in Q3 December 2018.

Net sales jumped 11% to Rs 901.20 crore in Q3 December 2019 over Q3 December 2018. The result was declared after market hours on Monday, 3 February 2020.

Profit before tax soared 47.3% to Rs 194.44 crore in Q3 December 2019 as compared to Rs 131.96 crore posted in Q3 December 2018. Current tax expenses rose 7.8% to Rs 49.49 crore compared with Rs 45.91 crore in Q3 December 2018.

 

Honeywell Automation India is engaged in the manufacture of electronic systems and components; repair and maintenance, and trading of machinery, equipments and supplies. The company operates through the automation & control systems segment. It operates through two geographical segments: domestic and exports.

Shares of Honeywell Automation India soared 12.79% to Rs 31,339. The stock hovered in the range of Rs 32,101 to Rs 29,100 so far.

The stock also hit an all-time record high of Rs 32,101 during today's intraday trade.

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