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Honeywell's India unit posts smaller fourth-quarter profit as costs surge
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Honeywell's India unit posts smaller fourth-quarter profit as costs surge
May 26, 2025 6:46 AM

May 13 (Reuters) - Honeywell Automation India

reported a fall in fourth-quarter profit on Tuesday as rising

expenses outpaced revenue growth.

Profit at the Indian subsidiary of U.S. conglomerate

Honeywell International ( HON ) fell 5.6% year-on-year to 1.4

billion rupees ($16.4 million) for the quarter ended March 31.

The company provides building automation solutions to

industrial clients and designs emission-curbing and energy

transition products.

Capital goods companies in India are currently facing

challenges due to weakened infrastructure demand, with

government spending, which had increased ahead of the 2024

national elections, now slowing down.

However, execution of existing projects helped boost

Honeywell's ( HON ) revenue.

Honeywell Automation's revenue from operations rose 17.2% to

11.15 billion rupees but did not offset the 22% rise in

expenses.

Total expenses stood at 9.71 billion rupees due to a 44.2%

increase in cost of materials consumed, which constitutes more

than half of the total expenses.

The company does not provide a breakdown of its revenue

distribution or discloses which specific raw materials it

consumes.

Honeywell International ( HON ) reported a 1% rise in its

March-quarter net income, on April 29.

The company's stock, one of the most expensive in India,

closed 1.7% higher to 35,815 rupees, ahead of the results.

($1 = 85.3100 Indian rupees)

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