Honeywell Automation India Limited (HAIL)was started in the year 1987 as a JV between Tata and Honeywell. It was known as Tata Honeywell Limited each holding 39.54% stake. Later in 2004 Honeywell Asia Pacific Inc. bought Tata’s stake and the name was changed to Honeywell Automation India Limited.
Financial Results:
- Honeywell Automation India Ltd reported Revenues for Q1FY24 of ₹932.00 Crores up from ₹786.00 Crore year on year, a rise of 18.58%.
- Total Expenses for Q1FY24 of ₹827.00 Crores up from ₹677.00 Crores year on year, a rise of 22.16%.
- Consolidated Net Profit of ₹103.00 Crores up 0.98% from ₹102.00 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹116.99, up 1.44% from ₹115.33 in the same quarter of the previous year.
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