Latest news with #HoneywellAutomationIndia
Business Standard
14-05-2025
- Business
- Business Standard
Honeywell Automation Q4 PAT slides 6% YoY to Rs 140 cr; declares dividend of Rs 105/sh
Honeywell Automation India's standalone net profit declined 5.60% to Rs 139.90 crore in Q4 FY25, compared with Rs 148.20 crore in Q4 FY24. However, revenue from operation jumped 17.22% YoY to Rs 1,114.5 crore in Q4 FY25. During the quarter, profit before tax stood at to Rs 190.20 crore, down 3.59% from Rs 197.30 crore posted in the same quarter last year. Total expenses increased 22.12% year on year (YoY) to Rs 970.90 crore in the March 2025 quarter. The cost of material consumed stood at Rs 600.90 crore (up 44.23% YoY), employee benefit expense was at Rs 178.50 crore (up 35.74% YoY) during the period under review. On a full year basis, the companys net profit jumped 4.42% to Rs 523.60 crore on 3.23% rise in revenue from operations to Rs 4,189.6 crore in FY25 over FY24. Meanwhile, the board of directors recommended final dividend of Rs 105 for the financial Year ended on 31 March 2025, subject to approval of shareholders at the ensuing annual general Meeting of the company. Honeywell Automation India is engaged in providing integrated automation and software solutions, including process solutions and building solutions. Shares of Honeywell Automation shed 0.66% to Rs 35,591 on the BSE.
Business Standard
14-05-2025
- Business
- Business Standard
Honeywell Automation India standalone net profit declines 5.60% in the March 2025 quarter
Sales rise 17.23% to Rs 1114.50 crore Net profit of Honeywell Automation India declined 5.60% to Rs 139.90 crore in the quarter ended March 2025 as against Rs 148.20 crore during the previous quarter ended March 2024. Sales rose 17.23% to Rs 1114.50 crore in the quarter ended March 2025 as against Rs 950.70 crore during the previous quarter ended March 2024. For the full year,net profit rose 4.43% to Rs 523.60 crore in the year ended March 2025 as against Rs 501.40 crore during the previous year ended March 2024. Sales rose 3.24% to Rs 4189.60 crore in the year ended March 2025 as against Rs 4058.20 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 1114.50950.70 17 4189.604058.20 3 OPM % 14.3017.87 - 13.9514.52 - PBDT 204.10210.80 -3 760.00728.60 4 PBT 190.20197.30 -4 705.60674.90 5 NP 139.90148.20 -6 523.60501.40 4
Business Recorder
13-05-2025
- Business
- Business Recorder
Honeywell's India unit posts smaller fourth-quarter profit as costs surge
Honeywell Automation India reported a fall in fourth-quarter profit on Tuesday as rising expenses outpaced revenue growth. Profit at the Indian subsidiary of U.S. conglomerate Honeywell International fell 5.6% year-on-year to 1.4 billion rupees ($16.4 million) for the quarter ended March 31. The company provides building automation solutions to industrial clients and designs emission-curbing and energy transition products. Capital goods companies in India are currently facing challenges due to weakened infrastructure demand, with government spending, which had increased ahead of the 2024 national elections, now slowing down. However, execution of existing projects helped boost Honeywell's revenue. Honeywell Automation's revenue from operations rose 17.2% to 11.15 billion rupees but did not offset the 22% rise in expenses. Total expenses stood at 9.71 billion rupees due to a 44.2% increase in cost of materials consumed, which constitutes more than half of the total expenses. The company does not provide a breakdown of its revenue distribution or discloses which specific raw materials it consumes. Honeywell International reported a 1% rise in its March-quarter net income, on April 29. The company's stock, one of the most expensive in India, closed 1.7% higher to 35,815 rupees, ahead of the results.
Reuters
07-02-2025
- Business
- Reuters
Honeywell Automation India reports lacklustre profit growth on slowing demand
Feb 7 (Reuters) - Engineering firm Honeywell Automation India ( opens new tab reported a weak third-quarter profit growth on Friday, hurt by slowing infrastructure demand due to sluggish economic growth. The Indian unit of U.S. conglomerate Honeywell International (HON.O), opens new tab reported a 3.3% year-on-year rise in profit to 1.32 billion rupees ($15.1 million) for the October-to-December quarter. The company, which provides building automation solutions to industrial clients and designs emission-curbing products, had posted a 20.5% rise in profit in the same quarter a year earlier. Domestic capital goods companies have been hurt by sluggish infrastructure demand due to an economic slowdown, with manufacturing activity in December growing at its weakest pace in 2024. As a result, Honeywell Automation's revenue from operations rose 1.8% to 10.91 billion rupees. It does not provide a breakdown of its revenues. Honeywell International reported a 1.7% rise in its December-quarter net income on Thursday. The conglomerate said it would separate its aerospace and automation businesses into separate entities, alongside its previously announced spin-off of the advanced materials unit. The Indian unit's shares, among the most expensive in India, closed nearly flat at 38,338.3 rupees ahead of the results. ($1 = 87.4430 Indian rupees)
