Honeywell Automation India Shares Hold Gains Amid Strong Q1 Results

Honeywell Automation India's shares have maintained their gains near highs after its strong June quarter results. The stock jumped over 10% on July 29 when it reported its Q1 FY27 numbers, reaching an intraday high of Rs 41,495.

The company's revenue growth was modest at 1.8%, coming in below analyst expectations, but its EBITDA rose nearly 22% to Rs 172.5 crore and the EBITDA margin expanded to 14.3%. This significant improvement in margins came largely from lower raw material costs.

The net profit for the quarter was Rs 150.7 crore, up 20.9% from a year ago, broadly matching analyst projections. The stock has held onto most of its gains and is up about 20% for the year so far, having turned positive on a one-year basis.