Industrial solutions provider Honeywell Automation India has reported a 48.40% drop in net profit at Rs 16.4 crore for the first quarter ended March 31, 2012 as against Rs 32 crore for the same period a year ago.

However, net sales of the company rose 17.30% to Rs 412.6 crore from Rs 351.5 crore in March 2011.

Honeywell Automation India is a leading provider of integrated automation and software solutions that improve productivity enhance comfort and ensure safety and security of homes and business premises.

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