Honeywell Automation India Q1 bet profit rises 32% to Rs 136.5 Cr

Honeywell Automation India on Monday reported a 32.01% rise in its standalone net profit to Rs 136.5 crore for the June-ended quarter.

It had posted a net profit of Rs 103.4 crore in the year-ago period.

Its revenue from operations for the quarter under review was 3.01% higher at Rs 960.4 crore against Rs 932.3 crore in the corresponding quarter of the previous fiscal.

Seen sequentially, its revenues were slightly up at 1.02%, but profits fell 7.89%.

Honeywell Automation India Limited (HAIL) is a provider of integrated automation and software solutions. It is the Indian unit of American conglomerate Honeywell International.

Shares of HAIL settled at Rs 53,066.75 apiece on the BSE on Monday, 1.52% down from the previous close.