Total expenses were at Rs 680.48 crore, rising by 5.6% year on year in the quarter ended 30 September 2022. Cost of materials stood at Rs 316.65crore (up 7.9% YoY) and employee benefits expense was at Rs 161.43 crore (up 17% YoY) in Q2 FY23.

Honeywell Automation India is engaged in providing integrated automation and software solutions, including process solutions and building solutions.

The scrip declined 3.46% to currently trade at Rs 38,656.45 on the BSE.