Honeywell Automation Q2 net rises 16.7%

Electric equipment and products maker Honeywell Automation India Ltd today said its net profit rose 16.76 per cent to Rs 26.60 crore in the second quarter ended June 30,2011 over the corresponding period an year-ago.

Electric equipment and products maker Honeywell Automation India Ltd today said its net profit rose 16.76 per cent to Rs 26.60 crore in the second quarter ended June 30,2011 over the corresponding period an year-ago.

The company had net profit of Rs 22.78 crore in the same quarter last fiscal,Honeywell Automation India said in a filing with the Bombay Stock Exchange.

Net income of the company increased to Rs 347.71 crore in the quarter under review from Rs 331.67 crore during the same period previous year,it said.

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For the six-month period ended June 30,2011,net profit jumped up to Rs 58.41 cr from Rs 53.47 crore in the half-yearly period previous year.

Net income increased to Rs 699.18 crore in the six-month period under review from Rs 610.34 crore during the same period last fiscal.

Shares of the company closed at Rs 2748,marginally up from the previous close on the BSE.

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