Rs 100/Share Dividend: Engineering Firm Reports 32% Growth In Q4 Profit, Shares Rise 12%

Large cap company operating in engineering sector, Honeywell Automation India Ltd shares gained 2.84% today and 12.14% in last 1-week as it announced a jump of 32.23% year-on-year (YoY) in its net profit to Rs 148.2 crore for Q4 ended March 31, 2024. It announced a net profit of Rs 112 crore in the corresponding quarter of last.

Board of Honeywell Automation also recommended a final dividend of Rs 100 per equity share of the face value of Rs 10 each for the FY ended March 31, 2024. Current market price of Honeywell Automation India Ltd share price is Rs 49,214.45 apiece. More details below:

Honeywell Automation Recommends Final Dividend: As per the BSE filing of Honeywell Automation dated May 15, "The Board of Directors at its meeting held today has also recommended final dividend of Rs. 100 /- (Rupees One Hundred Only) per Equity Share, i.e. at the rate of 1000% of the face value of Rs. 10/- each for the Financial Year ended on March 31, 2024, subject to approval of shareholders at the ensuing Annual General Meeting of the Company."

Honeywell Automation Sets Record Date For Dividend: The BSE filing added, "the Company has fixed Wednesday, July 24, 2024 as the "Record Date" for the purpose of determining the entitlement of Members to receive final dividend for the financial year ended March 31, 2024."

Honeywell Automation India Q4: The company declared a jump of 12% in its revenue from operations to Rs 950.7 crore as compared to Rs 849.7 crore in the similar quarter of last year. It announced its EBITDA, at operating level, at Rs 170 crore, up 22.5% for Q4 of the current fiscal as against Rs 138.7 crore in the same period of last year. Meanwhile, the company's EBITDA margin arrived at 17.9% for the quarter under review as against 16.3% in the similar period of last year.

Dividend History: Honeywell Automation India announced 23 dividends since July 4, 2001. In last 1-year, Honeywell Automation India announced an equity dividend amounting to Rs 95.00 per share. At the current share price of Rs 49,214.45, Honeywell Automation India Ltd.'s dividend yield is 0.19%.

Honeywell Automation India Share Performance: The 52-week high price of Honeywell Automation India share on BSE is Rs 50,122.40 apiece (as on 15/05/2024) and 52-week low price is Rs 34,990.00 per share (as on 21/12/2023), respectively. Honeywell Automation India shares gave return of 28% in last 3-months, soared 37% in last 6-months, offered rally of 31% in last 1-year, and soared 43% in last 2-years. In last 5-years, Honeywell Automation India stock surged 106%.

About: It was incorporated in India in 1984 and its registered office in Hadapsar, Pune. HAIL is a leader in providing integrated automation and software solutions, including process solutions and building solutions.

Disclaimer: The stock highlights the dividend, Q4 and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.