Honeywell Automation Shares Hold Gains Near Record Highs After Strong June Quarter

Honeywell Automation India shares have maintained their gains near record highs after the company released strong June quarter results. The stock jumped over 10% to an intraday high of Rs 41,495 on July 29 when the Q1 FY27 numbers were announced.

The earnings beat was driven by a significant expansion in EBITDA margins, which rose nearly 22% to Rs 172.5 crore and expanded to 14.3% from 12% a year earlier. Analysts had expected lower revenue growth of 4-5%, but the actual increase of 1.8% to Rs 1,204 crore was still modest.

The net profit for the quarter came in at Rs 150.7 crore, up 20.9% from Rs 124.6 crore a year ago, broadly matching analyst projections. Profit before tax also rose by the same percentage to Rs 203.1 crore.