Honeywell Automation Q1 Results: 1.4% YoY jump in net profit at Rs 103.4 crore

For the first quarter that ended June 30, 2023, Honeywell Automation India on Thursday announced a 1.4% YoY increase in net profit at Rs 103.4 crore.

According to a regulatory filing by the company, Honeywell Automation reported a net profit of Rs 102 crore in the comparable period last year.

The total revenue for the period under review was Rs 932 crore, an increase of 18.5 percent as compared to Rs 786.2 crore for the same period of the previous fiscal.

In the first quarter of the current fiscal year, EBITDA decreased by 1.4% to Rs 120.3 crore from Rs 122 crore in the equivalent period of the previous fiscal.

In the reporting quarter, the EBITDA margin was 12.9%, down from 15.5% in the equivalent period of the prior fiscal year. 

The results were announced after the market had closed.

Source: Media Reports