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HomeMarket NewsStocks NewsHoneywell Automation Q1 net profit falls 9% to ₹125 crore despite 23% revenue growth
The company's revenue from operations surged 23.2% to ₹1,183 crore against ₹960.4 crore in Q1FY25. Shares of Honeywell Automation India Ltd ended at ₹39,021.60, up by ₹256.60 or 0.66%, on the BSE today (August 1).
Honeywell Automation India Ltd on Friday (August 1) reported an 8.7% year-on-year (YoY) drop in net profit at ₹124.6 crore for the first quarter, down from of ₹136.5 crore in the same period last fiscal.
Revenue from operations surged 23.2% to ₹1,183 crore against ₹960.4 crore in Q1FY25.
Also Read: Honeywell Automation Q3 net profit, revenue inch up; margin shrinks
At the operating level, EBITDA declined 8.4% to ₹141.3 crore in the April-June quarter over ₹154.2 crore year-on-year. The EBITDA margin stood at 11.9%, well below 16% last year.
The results came after the close of the market hours. Shares of Honeywell Automation India Ltd ended at ₹39,021.60, up by ₹256.60 or 0.66%, on the BSE today (August 1).
Also Read: Honeywell Automation Q4 Results: Revenue rises 17% YoY; recommends ₹105 dividend
(Edited by : Shoma Bhattacharjee)
