Honeywell Automation India shares fell 8% following disappointing Q2 FY25 results, impacted by slowing demand. The engineering firm reported a 5.6% decrease in profit, down to ₹1.15 billion from ₹1.22 billion in the same period last year. Revenue from operations also dropped 7.3% to ₹10.24 billion, reflecting a cooling in India’s manufacturing sector in recent months.
Key Highlights
- Profit Decline: Net profit fell 5.6% YoY to ₹1.15 billion.
- Revenue Decline: Revenue decreased by 7.3% to ₹10.24 billion.
- Cost Pressures: Material costs, a major expense component, rose by 12.11% in the quarter.
The slowdown aligns with a broader manufacturing cooldown in India and rising shipping costs affecting exporters, partially due to the Red Sea crisis. Despite Honeywell Automation’s stock rising 33% year-to-date, this quarterly performance has raised concerns about demand challenges moving forward.
As of 9:26 am the shares were trading 6.97% lower at ₹45,554.75 on NSE