|
Category :
Company News
Headline :
Honeywell Automation Q3 net profit up 20.58% at Rs 127.90 cr
Date:
08/02/2024 18:51
The company reported standalone net profit of Rs 127.90 crore for the quarter ended December 31, 2023 as compared to Rs 106.07 crore in the same period last year, registering a year-on-year growth of 20.58 per cent.
Net revenue of the company rose by 5.26 per cent at Rs 1,071.00 crore in October-December quarter of this fiscal as against Rs 1,017.49 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 2.63 per cent to Rs 910.40 crore from Rs 887.05 crore in year ago period.
Other Income grew by 2.41 per cent at Rs 28.10 crore versus (Dec'22 Rs 27.44 crore).
Operating Profit surged by 23.12 per cent to Rs 160.60 crore as against Rs 130.44 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 17.00 per cent in December quarter.
Interest grew by 35.92 per cent y-o-y to Rs 1.40 crore, while Taxation increased by 23.80 per cent at Rs 46.60 crore (Dec'22 Rs 37.64 crore).
|