Honeywell Automation India Q1 Profit Rises 32% to Rs 136.5 cr

Aug 05, 2024 18:10

Honeywell Automation India's net profit surged by 32.01% to Rs 136.5 crore in the June quarter, driven by strong revenue growth. Read more on its financial performance.

New Delhi, Aug 5 (PTI) Honeywell Automation India on Monday reported a 32.01 per cent rise in its standalone net profit to Rs 136.5 crore for the June-ended quarter.

It had posted a net profit of Rs 103.4 crore in the year-ago period.

Its revenue from operations for the quarter under review was 3.01 per cent higher at Rs 960.4 crore against Rs 932.3 crore in the corresponding quarter of the previous fiscal.

Seen sequentially, its revenues were slightly up at 1.02 per cent, but profits fell 7.89 per cent.

Honeywell Automation India Limited (HAIL) is a provider of integrated automation and software solutions. It is the Indian unit of American conglomerate Honeywell International.

Shares of HAIL settled at Rs 53,066.75 apiece on the BSE on Monday, 1.52 per cent down from the previous close.

Source: PTI

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Honeywell Automation India Q1 Profit Rises 32% to Rs 136.5 cr

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