Honeywell Automation India jumped 10.81% to Rs 44,260 after the company reported 11.4% rise in net profit to Rs 101.97 crore in Q1 FY23 as against Rs 91.53 crore posted in Q1 FY22.
Net sales increased 15.1% year on year to Rs 786.17 crore in the quarter ended 30 June 2022. Profit before tax in Q1 FY23 stood at Rs 137.36 crore, up by 11.1% from Rs 123.60 crore in Q1 FY22.Total expenses were at Rs 678.01 crore, rising by 16.6% year on year in the quarter ended 30 June 2022. Cost of materials stood at Rs 327.77 crore (up 20.67% YoY) and employee benefits expense was at Rs 155.03 crore (up 13.64% YoY) in Q1 FY23.
Honeywell Automation India is engaged in providing integrated automation and software solutions, including process solutions and building solutions.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve hit your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Quarterly Starter
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app