World · India Bureau
Honeywell Automation profit climbs 12% as revenue growth accelerates
The automation and controls manufacturer reported net profit of Rs 134 crore in the second quarter, driven by a 6.4% year-on-year increase in revenues to Rs 1,224 crore. Operating margins also expanded during the period.
LSN India ·
Honeywell Automation India has posted a 12% increase in net profit to Rs 134 crore for the second quarter, reflecting improved operational performance and margin expansion across its business segments.
Revenues for the quarter grew 6.4% year-on-year to Rs 1,224 crore, compared with Rs 1,150 crore in the corresponding period of the previous financial year. The topline growth was accompanied by better cost management and improved operational efficiency.
The margin expansion during the quarter underscores the company's ability to translate revenue growth into enhanced profitability. This performance comes as the automation and controls sector continues to benefit from ongoing industrial modernization and digital transformation initiatives across Indian manufacturing.
Honeywell Automation, a subsidiary of US-based Honeywell International, serves key sectors including oil and gas, refining, power generation, chemicals, and building automation. The company's results reflect steady demand across its portfolio of industrial automation and control solutions.
Photo: A Honeywell office in Hyderabad, India, April 2023. Wasiul Bahar via Wikimedia Commons (CC BY-SA 4.0).