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Honeywell Automation slumps after Q4 PAT drops 30% YoY

13 May 2022 , 09:54 AM

Net sales during the quarter declined by 0.7% YoY to Rs 667.98 crore. Profit before tax in Q4 FY22 stood at Rs 98.61 crore, down by 28.7% from Rs 138.26 crore in Q4 FY21. Current tax outgo during the period under review fell by 47.1% YoY to Rs 17.64 crore. The company recorded 26.3% decline in net profit to Rs 339.13 crore on a 3.1% fall in net sales to Rs 2,948.32 crore in FY22 over FY21. Honeywell Automation India is engaged in providing integrated automation and software solutions, including process solutions and building solutions. Powered by Capital Market – Live News

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