Honeywell Automation India Ltd witnessed a sharp drop of more than 2% in early trade after the company reported a mixed set of numbers for the first quarter of FY26. As of 9:24 AM, the shares were trading 2.67% lower at Rs 37,690.00.
The company’s net profit declined 8.7% year-on-year (YoY) to ₹124.6 crore in Q1FY26, compared to ₹136.5 crore in the corresponding quarter last fiscal. Despite the earnings slump, revenue from operations jumped 23.2% to ₹1,183 crore, up from ₹960.4 crore in Q1FY25, signalling strong top-line growth.
However, margin pressure weighed on investor sentiment. Honeywell’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) came in at ₹141.3 crore, marking an 8.4% YoY drop from ₹154.2 crore. The EBITDA margin for the quarter also narrowed significantly to 11.9%, down from 16% a year ago.
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