Are Honeywell Auto latest results good or bad?

Honeywell Automation India has released its financial results for the quarter ending March 2025, which present a mixed picture of the company's performance. The net sales for the quarter reached Rs 1,114.50 crore, marking the highest quarterly sales in the last five quarters and reflecting a positive near-term sales trend with a year-on-year growth of 17.23%. This indicates a strong demand for the company's products and services.
However, the profitability metrics reveal challenges. The Profit Before Tax (PBT), excluding other income, was reported at Rs 143.60 crore, representing a decline of 7.77% year-on-year. Similarly, the Profit After Tax (PAT) stood at Rs 139.90 crore, down 5.6% compared to the same period last year. These figures suggest a negative trend in profitability, despite the growth in sales.

Additionally, the operating profit margin, excluding other income, has also seen a decline, which further emphasizes the challenges in maintaining profitability amidst rising sales.

In light of these results, the company experienced an adjustment in its evaluation, reflecting the complexities of its financial outlook as it navigates the balance between sales growth and profitability challenges. The focus for Honeywell Automation will likely be on addressing these profitability declines while leveraging the positive sales momentum.