Honeywell Automation India has reported a strong financial performance for the second quarter of the fiscal year, with net profit rising nearly 12% year-on-year to ₹134 crore. This marks an improvement from the ₹120 crore recorded in the same period last year. The company's revenue from operations also saw a 6.5% increase, reaching ₹1,224 crore compared to ₹1,149 crore in the previous year.
The company's earnings before interest, taxes, depreciation, and amortisation (EBITDA) grew by 17.8% to ₹155 crore, up from ₹132 crore a year earlier. This growth translated into an improved EBITDA margin, which expanded to 12.7% from 11.5%. The positive financial results were reflected in the company's stock price, which ended 0.66% higher at ₹31,455 on Tuesday, gaining ₹205 ahead of the quarterly results announcement.