Honeywell Automation India's posts second straight quarterly profit fall

Honeywell Automation India

01/08/2025 12:16

Aug 1 (Reuters) - Engineering firm Honeywell Automation India HONE.NS reported a second consecutive quarterly profit fall on Friday, as its expenses rose.

Profit at the Indian arm of U.S. conglomerate Honeywell International HON.O fell 8.7% year-on-year to 1.25 billion rupees ($14.3 million) in the quarter ended June 30.

Honeywell Automation, which provides smart building systems and clean-tech solutions, benefited from increased demand for automation, which boosted its revenue by 23.2% to 11.83 billion rupees.

However, its expenses rose 28.8% to 10.57 billion rupees, weighing on the bottomline.

Cost of materials consumed, which constitutes more than half of the total expenses, jumped more than 50%.

The company does not disclose details about its revenue segmentation or which raw materials it uses.

Honeywell Automation India's stock, one of the country's most expensive, closed 1.2% higher at 39,235 rupees ahead of the results.

Its parent's June-quarter net income was almost at $1.57 billion, it reported on July 24.

($1 = 87.4890 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru; Editing by Mrigank Dhaniwala)

 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))