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Honeywell Automation India Reports 10% Growth in Net Sales Turnover
Honeywell Automation India Ltd., a leading engineering company in India, has released its quarterly results for the period ended December 31. The company's net sales turnover stood at Rs 2,444 crores, showing a growth of 10% compared to the same quarter last year.
The total income for the quarter was Rs 2,546 crores, with other income contributing Rs 102 crores. The company's operating expenses were Rs 1,944 crores, resulting in an operating profit of Rs 602 crores.
Honeywell Automation India Ltd.'s net profit after tax (PAT) for the quarter was Rs 432 crores, a growth of 15% compared to the same quarter last year. The company's return on equity (ROE) and return on capital employed (ROCE) were 18.5% and 21.2%, respectively.