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Integrated automation and software solutions provider Honeywell Automation India reported an 11.9% year-on-year increase in net profit to ₹134 crore for the second quarter, compared with ₹120 crore a year earlier.
Revenue from operations rose 6.5% to ₹1,224 crore from ₹1,149 crore in the year-ago period.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 17.8% to ₹155 crore from ₹132 crore a year earlier. The EBITDA margin — a measure of operating profitability — improved to 12.7% from 11.5%.
Shares of Honeywell Automation India ended 0.66% higher at ₹31,455 on Tuesday, gaining ₹205 ahead of the company's quarterly results.
Also Read: PGIM India's Aniruddha Naha sees value in largecaps, select smallcaps after market correction
Revenue from operations rose 6.5% to ₹1,224 crore from ₹1,149 crore in the year-ago period.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 17.8% to ₹155 crore from ₹132 crore a year earlier. The EBITDA margin — a measure of operating profitability — improved to 12.7% from 11.5%.
Shares of Honeywell Automation India ended 0.66% higher at ₹31,455 on Tuesday, gaining ₹205 ahead of the company's quarterly results.
Also Read: PGIM India's Aniruddha Naha sees value in largecaps, select smallcaps after market correction
