More from Valentin Khorounzhiy
Listen to this article
The former Red Bull junior was involved in a punch-up with Force India development driver Mazepin after second qualifying, for which the Russian received a one-race ban.
"I'm obviously shocked," Ilott told Motorsport.com. "It was unexpected but I'm fine.
"The stewards have taken action and now I just want to get back in the car."
Ilott, driving for Van Amersfoort Racing, claimed a maiden win at Paul Ricard last time out.
After the Mazepin incident, the Briton went on to qualify ninth, 14th and 14th for the three respective races of the weekend.
"Quali didn't go as expected, so we're starting further back than we hoped," Ilott conceded.
"There's more in the car to come."
Hungaroring F3: Gunther completes pole hat-trick
Hungaroring F3: Aron takes maiden F3 win in hectic Race 1