Honeywell Automation net profit increases by 32% YoY

Honeywell Automation India Ltd shares surged 7.7% after reporting 32% rise in Q4FY24 net profit to ₹148 crore compared to ₹112 crore in Q4FY23. Total revenue for Q4FY24 rose to 12% and for FY23-24, net profit grew 14% to ₹501 crore whereas total revenue increased by 17.7% to ₹4,058 crore. The company provides integrated automation and software solutions.