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Honeywell Automation India's posts second straight quarterly profit fall
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Honeywell Automation India's posts second straight quarterly profit fall
Aug 1, 2025 4:46 AM

Aug 1 (Reuters) - Engineering firm Honeywell Automation

India reported a second consecutive quarterly profit

fall on Friday, as its expenses rose.

Profit at the Indian arm of U.S. conglomerate Honeywell

International ( HON ) fell 8.7% year-on-year to 1.25 billion

rupees ($14.3 million) in the quarter ended June 30.

Honeywell Automation, which provides smart building systems

and clean-tech solutions, benefited from increased demand for

automation, which boosted its revenue by 23.2% to 11.83 billion

rupees.

However, its expenses rose 28.8% to 10.57 billion rupees,

weighing on the bottomline.

Cost of materials consumed, which constitutes more than half

of the total expenses, jumped more than 50%.

The company does not disclose details about its revenue

segmentation or which raw materials it uses.

Honeywell Automation India's stock, one of the country's

most expensive, closed 1.2% higher at 39,235 rupees ahead of the

results.

Its parent's June-quarter net income was almost at $1.57

billion, it reported on July 24.

($1 = 87.4890 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru; Editing by Mrigank

Dhaniwala)

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