Honeywell Automation Q1 net profit up 11.41% at Rs 101.97 cr
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The company reported standalone net profit of Rs 101.97 crore for the quarter ended June 30, 2022 as compared to Rs 91.53 crore in the same period last year, registering a year-on-year growth of 11.41 per cent. Net revenue of the company rose moderately by 15.07 per cent at Rs 786.17 crore in April-June quarter of this fiscal as against Rs 683.20 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 17.25 per cent to Rs 664.29 crore from Rs 566.55 crore in year ago period. Other Income grew by 33.94 per cent at Rs 29.20 crore versus (Jun'21 Rs 21.80 crore). Operating Profit surged by 4.48 per cent to Rs 121.88 crore as against Rs 116.65 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 9.20 per cent in June quarter. Interest declined by 31.52 per cent y-o-y to Rs 1.26 crore, while Taxation increased by 10.35 per cent at Rs 35.39 crore (Jun'21 Rs 32.07 crore).
