Honeywell Automation India Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The Board of Directors approved these results at their meeting held on February 2, 2026, following a comprehensive review by the Audit Committee.

Financial Performance Overview

The company demonstrated mixed operational performance during the third quarter of FY26. Revenue from operations reached ₹11.7 billion for the quarter compared to ₹10.91 billion in the corresponding quarter of the previous year, showing growth in the top line. However, net profit declined to ₹1.2 billion from ₹1.32 billion year-over-year, reflecting margin pressures during the quarter.

EBITDA Performance and Margins

The company's EBITDA performance showed growth in absolute terms despite margin compression. EBITDA for the quarter increased to ₹1.48 billion compared to ₹1.4 billion in the corresponding quarter of the previous year. However, EBITDA margin declined to 12.63% from 13.02% year-over-year, indicating operational efficiency challenges.

Operational Expenses and Cost Structure

Total expenses for the quarter amounted to ₹10.38 billion, compared to ₹9.65 billion in the corresponding quarter of the previous year, representing a significant increase in operational costs. Key expense components included cost of materials consumed at ₹5.86 billion and employee benefits expense of ₹2.14 billion. The company reported profit before exceptional items and tax of ₹1.76 billion for the quarter.

Exceptional Items and Tax Impact

The company recognized exceptional items worth ₹114 million during the quarter, related to changes in Labour Codes. This impact arose from increased liabilities for gratuity (₹219 million) and compensated absences (₹55 million), partially offset by related revenue adjustments of ₹160 million. Tax expense for the quarter stood at ₹437 million, comprising current tax of ₹551 million and deferred tax benefit of ₹114 million.

Earnings Per Share and Capital Structure

The company maintained its paid-up equity share capital at ₹88 million with a face value of ₹10 per share. Basic and diluted earnings per share for the quarter were ₹137.08, while for the nine-month period, they stood at ₹413.15.

Corporate Developments

The company operates in a single segment of "Automation & Control Systems" and has no subsidiary or associate companies. Dr. Ganesh Natarajan has been re-appointed as an Independent Director for a second term of three consecutive years from March 8, 2026 to March 7, 2029. Additionally, shareholders approved the appointment of Mr. Jake Morgan Wasserman as director through postal ballot results declared on January 30, 2026.

Honeywell automation India Limited successfully completed its postal ballot process on January 30, 2026, with shareholders approving two critical director appointments through remote e-voting. The company announced the voting results in compliance with Regulation 44(3) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Postal Ballot Process Details

The postal ballot process was conducted entirely through remote e-voting, with key timeline parameters established for shareholder participation:

Resolution Results

Shareholders voted on two resolutions, both of which were successfully passed with requisite majority:

Resolution 1: Appointment of Non-Executive Director

The ordinary resolution for appointing Mr. Jake Morgan Wasserman (DIN: 11364789) as Non-Executive Director received overwhelming support:

Resolution 2: Re-appointment of Independent Director

The special resolution for re-appointing Dr. Ganesh Natarajan (DIN: 00176393) as Independent Director also secured approval:

Scrutinizer Oversight

CS Amruta Rajarshi, Partner at Bokil Punde & Associates, served as the appointed scrutinizer for the postal ballot process. The scrutinizer was appointed through a Board resolution dated December 30, 2025, and submitted the final report on January 30, 2026. The scrutinizer confirmed that the voting process was conducted in a fair and transparent manner using the e-voting system provided by National Securities Depository Limited (NSDL).

Regulatory Compliance

The postal ballot process adhered to multiple regulatory frameworks, including Section 108 and Section 110 of the Companies Act, 2013, Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014, and various MCA circulars. The voting results and scrutinizer's report have been made available on the company's website and NSDL's e-voting portal for transparency.

Both resolutions were declared passed with the requisite majority, enabling Honeywell Automation India Limited to proceed with the approved director appointments as per the shareholders' mandate.