Honeywell Automation India Limited (HAIL) has announced its unaudited financial results for the third quarter of FY 2024-25, reporting a net profit of ₹132.1 crore, up from ₹127.9 crore in the same period last year. The company’s revenue from operations stood at ₹1,090.8 crore, maintaining stable performance despite market fluctuations.
Key Financial Highlights (Q3 FY25):
- Revenue from operations: ₹1,090.8 crore, compared to ₹1,071 crore in Q3 FY24.
- Other income: ₹50 crore, up from ₹28.1 crore in the corresponding quarter last year.
- Total income: ₹1,140.8 crore, showing steady growth.
- Net profit: ₹132.1 crore, compared to ₹127.9 crore in Q3 FY24.
- Earnings per share (EPS): ₹149.35 per share (basic and diluted).
Operational Performance and Key Developments:
- Cost of materials consumed increased to ₹591.9 crore from ₹480.7 crore YoY.
- Employee benefits expense stood at ₹183.5 crore, reflecting controlled operating costs.
- Depreciation and amortization amounted to ₹13.8 crore.
- Total expenses were ₹964.8 crore, up from ₹924.6 crore in Q3 FY24.
- The company’s automation and control systems segment remained the sole revenue generator.
The company’s profit before tax (PBT) for the quarter was ₹176 crore, and tax expenses totaled ₹43.9 crore, leading to a net profit of ₹132.1 crore.
- The company appointed Robert David Mailloux as an Additional (Non-Executive Non-Independent) Director effective December 20, 2024.
- Former director Thaj Mathew resigned from the board on December 20, 2024.
- The reimbursement of expenses (₹75 crore for Q3 FY25) has been netted out from revenue under revised contractual terms, a profit-neutral change.
With consistent profitability and stable revenues, Honeywell Automation India remains focused on strengthening its automation and control solutions business. The company continues to leverage its technological expertise and operational efficiency to drive growth in India’s industrial automation sector.
The financial results were reviewed by Deloitte Haskins & Sells LLP, which provided an unmodified review report, affirming compliance with accounting standards.
