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Industrial technology firm Honeywell Automation India Ltd on Friday (February 7) reported a 3.3% increase in net profit at ₹132.1 crore for the third quarter that ended December 31, 2024, over ₹127.9 crore year-on-year (YoY).
The company’s revenue from operations increased 1.8% to ₹1,090.8 crore against ₹1,071 crore in the corresponding period of the preceding fiscal.
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At the operating level, EBITDA dipped 11.6% to ₹142 crore in the third quarter of this fiscal over ₹160.6 crore in the corresponding period in the previous fiscal. The EBITDA margin dropped to 13% versus 15% a year ago. EBITDA is earnings before interest, tax, depreciation, and amortisation.
The results came after the close of the market hours. Shares of Honeywell Automation India Ltd ended at ₹38,465.00, up by ₹395.50, or 1.04%, on the BSE.
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