The profit reached ₹115 crore during the quarter, down from ₹122 crore a year earlier.
The Indian arm of U.S. conglomerate Honeywell International reported a 7.3% decline in revenue from operations to ₹1,024 crore. It had reported a revenue of ₹1,104 crore in the same period last fiscal.
The company did not provide a breakdown of its revenue distribution.
During the quarter, its earnings before interest, taxes, depreciation, and amortization (EBITDA) came in 6.7% lower at ₹129.1 crore, compared with
₹138.3 reported a year ago.
The company’s margins were slightly up at 12.6%, vs 12.5% last year.
Honeywell Automation India provides building automation solutions for industrial clients and develops products aimed at reducing emissions and facilitating energy transitions.
However, growth in India’s manufacturing sector slowed down in August and September, according to a recent business survey.
Shares of Honeywell Automation, one of India’s costliest, closed up 0.3% ahead of its results. The shares have risen nearly 33% so far this year, while that of rival ABB India have jumped about 60%.
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