Honeywell Automation Q4 net profit jumps 32%

Industrial solutions provider Honeywell Automation India today reported 31.51 per cent increase in its

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net profit for the quarter ended December 31, 2011, at Rs 33.85 crore.

The company had posted a net profit of Rs 25.74 crore in the same period last financial year, Honeywell Automation India said in a filing to the BSE.

The net sales during the fourth quarter also went up by 31.76 per cent to Rs 501.17 crore from Rs 380.37 crore in the year-ago period, it added.

For the company's entire accounting year 2011, the net profit increased by 1.99 per cent to Rs 107.14 crore from Rs 105.05 crore in the previous financial year.

The net sales during the year also rose by 19.03 per cent to Rs 1,612.50 crore from Rs 1,354.71 crore in 2010, the filing said.

The shares of the company today closed at Rs 2,324.95 apiece on the BSE, up 0.28 per cent.

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