Results     08-Aug-20
Analysis
Honeywell Automation India
Restricted fall in sales to 14% despite Covid challenge  
Related Tables
 Honeywell Automation India: Standalone Results
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.

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