Shares of Honeywell Automation India rallied more than 8% in early trade on Thursday after the company reported a steady set of fourth-quarter results for FY26, supported by growth in revenue and profitability.
As of 9:40 AM, Honeywell Automation shares were trading sharply higher after touching an intraday high of Rs 33,095 on the NSE. The stock opened at Rs 31,500 against the previous close of Rs 30,180. During the session, the stock hit a low of Rs 31,385.
For the March quarter, the company reported revenue of Rs 1,181 crore, up 6.0% year-on-year from Rs 1,115 crore in the corresponding quarter last year.
EBITDA rose 16.0% to Rs 184.8 crore compared to Rs 159.4 crore in the year-ago period. EBITDA margin improved to 15.7% from 14.3% on a yearly basis, indicating better operational performance during the quarter.
Net profit for the quarter increased 14.2% to Rs 160 crore versus Rs 140 crore reported in the same period last year.
The strong movement in the stock price came after investors reacted positively to the improvement in margins and profit growth despite moderate revenue expansion. Market participants will continue to track demand trends in the industrial automation and building technologies segments going forward.
On the technical front, the stock remains below its 52-week high of Rs 41,450, while the 52-week low stands at Rs 26,220.
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