Honeywell Automation fell 1.36% to Rs 42,286.70 after the company's net profit declined 6.4% to Rs 104.02 crore in Q4 FY21 compared with Rs 111.14 crore in Q4 FY20.Revenue from operations fell 4.48% to Rs 672.70 crore in Q4 FY21 as against Rs 704.26 crore in Q4 FY20. Profit before tax tumbled 7.17% to Rs 138.26 crore in Q4 FY21 as against Rs 148.94 crore in Q4 FY20.
The company said its operations and financial results for the quarter have not been materially impacted by the lockdown. The company said it continues to monitor the economic effects of the pandemic while taking steps to improve its execution efficiencies and financial outcome.