HONAUT

Aug 1 (Reuters) - Engineering firm Honeywell Automation India HONE.NS reported a second consecutive quarterly profit fall on Friday, as its expenses rose.

Profit at the Indian arm of U.S. conglomerate Honeywell International HON.O fell 8.7% year-on-year to 1.25 billion rupees ($14.3 million) in the quarter ended June 30.

Honeywell Automation, which provides smart building systems and clean-tech solutions, benefited from increased demand for automation, which boosted its revenue by 23.2% to 11.83 billion rupees.

However, its expenses rose 28.8% to 10.57 billion rupees, weighing on the bottomline.

Cost of materials consumed, which constitutes more than half of the total expenses, jumped more than 50%.

The company does not disclose details about its revenue segmentation or which raw materials it uses.

Honeywell Automation India's stock, one of the country's most expensive, closed 1.2% higher at 39,235 rupees ahead of the results.

Its parent's June-quarter net income was almost at $1.57 billion, it reported on July 24.

($1 = 87.4890 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru; Editing by Mrigank Dhaniwala)

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Feb 7 (Reuters) - Engineering firm Honeywell Automation India HONE.NS reported a weak third-quarter profit growth on Friday, hurt by slowing infrastructure demand due to sluggish economic growth.

The Indian unit of U.S. conglomerate Honeywell International HON.O reported a 3.3% year-on-year rise in profit to 1.32 billion rupees ($15.1 million) for the October-to-December quarter.

The company, which provides building automation solutions to industrial clients and designs emission-curbing products, had posted a 20.5% rise in profit in the same quarter a year earlier.

Domestic capital goods companies have been hurt by sluggish infrastructure demand due to an economic slowdown, with manufacturing activity in December growing at its weakest pace in 2024.

As a result, Honeywell Automation's revenue from operations rose 1.8% to 10.91 billion rupees. It does not provide a breakdown of its revenues.

Honeywell International reported a 1.7% rise in its December-quarter net income on Thursday. The conglomerate said it would separate its aerospace and automation businesses into separate entities, alongside its previously announced spin-off of the advanced materials unit.

The Indian unit's shares, among the most expensive in India, closed nearly flat at 38,338.3 rupees ahead of the results.

($1 = 87.4430 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru; Editing by Sonia Cheema and Mrigank Dhaniwala)

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** Shares of Honeywell Automation India HONE.NS fall as much as 9.1% to 44,500 rupees

** The engineering firm reported a 5.6% y/y fall in Q2 profit to 1.15 bln rupees, hurt by slowing demand nL4N3M2045

** Stock on track to fall for a fourth straight month

** More than 17,000 shares traded, as of 9:50 a.m. IST, 3.8x their 30-day moving avg

** Mean rating of 7 brokerages rating the stock is "hold"; their median PT is 50,225 rupees - LSEG data

** HONE stock down 7.6%, cutting YTD gains to 22.8% so far

(Reporting by Meenakshi Maidas in Bengaluru)

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Oct 29 (Reuters) - Engineering firm Honeywell Automation India HONE.NS reported a 5.6% fall in its second-quarter profit on Tuesday, hurt by slowing demand.

The Indian arm of U.S. conglomerate Honeywell International HON.O said its profit fell to 1.15 billion rupees ($13.7 million) for the three months ending Sept. 30 from 1.22 billion rupees a year ago.

Honeywell Automation India provides building automation solutions to industrial clients and designs emission-curbing and energy transition products.

Growth in India's manufacturing industry cooled in August and September, according to a business survey. nZRN00A6JH

Analysts have said that Indian exporters are bearing the brunt of increased shipping costs due to the Red Sea crisis.

Honeywell Automation's revenue from operations fell 7.3% to 10.24 billion rupees. The company does not provide a breakdown of its revenue distribution.

Cost of materials consumed, which makes up almost half of the expenses, grew 12.11% in the quarter.

Parent company Honeywell projected annual sales below Wall Street expectations and missed quarterly revenue estimates last week. nL4N3M01UJ

Honeywell Automation's stock, one of India's costliest, closed 0.3% up ahead of its results. The shares have risen nearly 33% so far this year, while that of rival ABB India ABB.NS have jumped about 60%.

(Reporting by Meenakshi Maidas in Bengaluru; Editing by Mrigank Dhaniwala)

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Oct 14 (Reuters) - Honeywell Automation India Ltd HONE.NS:

• HONEYWELL AUTOMATION INDIA- WINS AIRFIELD GROUND LIGHTING PROJECT FOR NOIDA INTERNATIONAL AIRPORT

Source text for Eikon: [ID:]

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BENGALURU, Aug 5 (Reuters) - Engineering firm Honeywell Automation HONE.NS reported higher first-quarter profit on Monday, aided by execution of existing orders.

The Indian unit of U.S.-based Honeywell International HON.O reported a profit of 1.37 billion rupees (around $16 million), compared to 1.03 billion rupees a year ago.

Execution of legacy projects and stable costs helped boost earnings of Honeywell, analysts said. The company provides building automation solutions to industrial clients and designs emission-curbing and energy transition products.

Its revenue from operations advanced 3% to 9.6 billion rupees. Honeywell Automation does not provide segmental details on its earnings.

Total expenses slipped 0.7% to 8.21 billion rupees, mainly due to a 41% slump in what the company classified as "other expenses" without providing specific details.

Honeywell Automation's stock, one of India's costliest, rose nearly 47% in the quarter, its highest in at least 10 years, as per LSEG data.

It closed 2.7% lower on the day, amid a broader market sell-off.

($1 = 83.8100 Indian rupees)

(Reporting by Manvi Pant in Bengaluru; Editing by Varun H K)

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** Shares of engineering firm Honeywell Automation India HONE.NS rose as much as 20% during session to hit record high of 58,994 rupees

** HONE closes 13% higher, rallying for fifth straight session

** Co posts higher Q4 profit on strong infrastructure demand

** Brokerage Nomura raises PT to 53,600 rupees from 46,100 rupees on improving business prospects

** Share trading vols 22x 30-day avg. in busiest day since Dec 2012

** Day's gains take YTD surge to 51% after ~12% fall in 2023

(Reporting by Hritam Mukherjee in Bengaluru)

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BENGALURU, May 15 (Reuters) - Honeywell Automation India HONE.NS, the Indian arm of U.S. conglomerate Honeywell International HON.O, reported a rise in fourth-quarter profit on Wednesday, helped by sustained industrial and infrastructure demand.

The engineering firm's profit rose 32% to 1.48 billion rupees (about $18 million) for the quarter ended March 31 from 1.12 billion rupees a year ago.

Revenue from operations rose nearly 12% from a year earlier to 9.51 billion rupees.

Capital goods companies in India have benefitted from a surge in industrial and infrastructure demand in recent quarters as the government boosted spending.

However, analysts had flagged a curb in government spending ahead of the national elections, which started mid-April and will end in early June.

Rivals Siemens SIEM.NS and ABB India ABB.NS also reported higher profits in the fourth quarter.

Honeywell Automation India's building solutions business remained strong on healthy demand and order backlog, analysts said.

Separately, the company announced a final dividend of 100 rupees apiece for the financial year ended March 31, 2024.

Its shares, one of India's costliest, closed 3.1% higher at 49,285.45 rupees ahead of the results.

($1 = 83.4730 Indian rupees)

(Reporting by Manvi Pant in Bengaluru; Editing by Eileen Soreng)

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Honeywell Automation India Ltd HONE.NS:

• HONEYWELL AUTOMATION INDIA LTD- GOT NOTICE FROM INTERNAL REVENUE SERVICE, HOUSTON

• HONEYWELL AUTOMATION INDIA LTD- NOTICE FOR PAYMENT OF $84,016

Source text for Eikon: ID:nNSEbW8ZrH

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BENGALURU, Feb 8 (Reuters) - Engineering firm Honeywell Automation India HONE.NS reported a 20.6% jump in third-quarter profit on Thursday, helped by a surge in government spending on infrastructure.

Profit at the Indian arm of U.S.conglomerate Honeywell International HON.O was 1.28 billion rupees ($15.4 million) for the three months ended Dec. 31, compared with 1.06 billion rupees a year earlier.

The surge in infrastructure spending ahead of the Indian general elections due by May has buoyed the performance of engineering and construction firms.

Revenue from operations grew 5.3% to 10.71 billion rupees, while expenses rose at a slower pace of 2.6% to 9.25 billion rupees.

Growth in expenses had outpaced the rise in revenue in the last four quarters, weighing on profit.

Shares of the company closed 0.7% higher ahead of the results.

Rival KEC International KECL.NS said last week its consolidated third-quarter profit jumped over five times. Siemens SIEM.NS is expected to report its quarterly results next week.

($1 = 82.9550 Indian rupees)

(Reporting by Rama Venkat in Bengaluru; Editing by Dhanya Ann Thoppil)

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Jan 5 (Reuters) - Honeywell Automation India Ltd HONE.NS:

• GOT GST DEMAND ORDER FOR 8.3 MILLION RUPEES, INTEREST 8.5 MILLION RUPEES

• THERE IS NO MATERIAL IMPACT ON FINANCIALS

Source text for Eikon: ID:nBSEb2THSn

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Dec 12 (Reuters) - Honeywell Automation India Ltd HONE.NS:

• GOT ORDER PASSED BY ADDITIONAL COMMISSIONER OF CUSTOMS FOR PENALTY OF UPTO 2.3 MILLION RUPEES

Source text for Eikon: ID:nBSEb6R5Ww

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BENGALURU, Nov 6 (Reuters) - Engineering firm Honeywell Automation India HONE.NS on Monday reported a marginal 3.4% rise in second-quarter profit, as a rise in expenses outpaced revenue growth.

Profit at the Indian unit of U.S.-based Honeywell International HON.O rose to 1.22 billion rupees ($14.7 million) for the three months ended Sept. 30, from 1.18 billion rupees a year ago.

Quarterly revenue was up 39% at 11.04 billion rupees, however, a 44% rise in its total expenses, in line with the trend seen in the previous three quarters, weighed on profit.

The company, which provides building automation solutions to industrial clients and designs emission-curbing and energy transition products, has benefited from an infrastructure spending-led boost to its order book.

The stock, one of India's costliest, closed up 0.3% at 37,265.95 rupees ahead of the results and was down 10.6% year to date.

($1 = 83.2242 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru; Editing by Janane Venkatraman and Shweta Agarwal)

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Aug 10 (Reuters) - Honeywell Automation India Ltd HONE.NS:

• HONEYWELL AUTOMATION INDIA LTD JUNE-QUARTER NET PROFIT 1.03 BILLION RUPEES VERSUS 1.02 BILLION RUPEES

• HONEYWELL AUTOMATION INDIA LTD JUNE-QUARTER REVENUE FROM OPERATIONS 9.32 BILLION RUPEES VERSUS 7.86 BILLION RUPEES

Source text for Eikon: ID:nBSE3TpDP3

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** Honeywell Automation India Ltd HONE.NS jumps 8.5% to 40,650 rupees, set for best one-day gain since Aug 2020

** The integrated automation and software solutions provider posts 54.2% rise in Q4 profit

** Antique Stock Broking says "HAIL has reverted back to the growth trajectory post eight quarters of decline across all operational parameters"

** Says Q4 boosted by better-than-estimated gross, EBITDA margins; keeps "buy" and raises PT to 44,443 rupees

** Trading volume is over 4x the 30-day avg

** The avg rating of the eight analysts tracking HONE is "hold" and median TP is 39,500 rupees

** Stock's jump helps it cut YTD declines to 2.4%

(Reporting by Bharath Rajeswaran in Bengaluru)

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May 17 (Reuters) - Honeywell Automation India Ltd HONE.NS:

• HONEYWELL AUTOMATION INDIA MARCH-QUARTER PROFIT 1.12 BILLION RUPEES VERSUS PROFIT 726.7 MILLION RUPEES

• HONEYWELL AUTOMATION INDIA MARCH-QUARTER REVENUE FROM OPERATIONS 8.50 BILLION RUPEES VERSUS 6.68 BILLION RUPEES

• DIVIDEND AT 95 RUPEES PER SHR

Source text for Eikon: ID:nBSE2gTfkM

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