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Honeywell Automation India

08-Aug-20 16:07 Hrs IST

Honeywell Automation India has registered 14% fall in sales for the quarter ended Jun 2020 to Rs 736.23 crore. Lower sales together with 230 bps contraction in OPM to 17.4%, the operating profit was down by 24% to Rs 127.92 crore. After accounting for lower other income (down 6% to Rs 17.43 crore), the PBIDT was down by 22% to Rs 145.35 crore. With interest cost stand lower by 31% to Rs 1.48 crore, the PBDT was down by 22% to Rs 143.87 crore. With depreciation stand higher by 36% to Rs 11.61 crore, the PBT was down by 25% to Rs 132.26 crore. However gained by lower tax incidence with tax rate down at 25.8% (compared to 35.4%) the fall in PAT was restricted at 14% to Rs 98.08 crore.

Yearly performance

Sales was up by 4% to Rs 3290.01 crore and that together with 340 bps expansion in OPM to 19.3% has resulted in 26% jump in operating profit to Rs 636.35 crore. After accounting for higher other income (up 38% to Rs 97.65 crore) as well as higher interest (up 97% to Rs 6.87 crore) and higher depreciation (up 155% to Rs 40.58 crore), the PBT was up by 24% to Rs 686.55 crore. The taxation was flat at Rs 195.07 crore, the PAT was up by 37% to Rs 491.48 crore.

Honeywell Automation India: Standalone Results

	2006 (3)	1906 (3)	Var. (%)	2003 (12)	1903(12)	Var. (%)
Sales	736.23	857.03	-14	3290.01	3174.74	4
OPM (%)	17.4	19.7		19.3	15.9
OP	127.92	168.69	-24	636.35	503.39	26
Other inc.	17.43	18.62	-6	97.65	70.87	38
PBIDT	145.35	187.31	-22	734.00	574.26	28
Interest (net)	1.48	2.16	-31	6.87	3.48	97
PBDT	143.87	185.15	-22	727.13	570.78	27
Depreciation	11.61	8.53	36	40.58	15.89	155
PBT	132.26	176.62	-25	686.55	554.89	24
EO	0.00	0.00		0.00	0.00
PBT after EO	132.26	176.62	-25	686.55	554.89	24
Taxation	34.18	62.52	-45	195.07	196.05	0
PAT	98.08	114.10	-14	491.48	358.84	37
PPI/ EO (net of tax)	0.00	0.00		0.00	0.00
Net profit	98.08	114.10	-14	491.48	358.84	37
EPS (Rs)*	#	#		556.0	405.9
* EPS is on current equity of Rs 8.84 crore, Face value of Rs 10 # EPS is not annualised due to seasonality of business; Var (%) exceeding 999 is restricted to 999 Figures in Rs crore Source: Capitaline Corporate Database