Results     10-Nov-20
Analysis
Honeywell Automation India
Net down 10% hit largely by lower sales
Related Tables
 Honeywell Automation India: Standalone Results
Honeywell Automation India has registered 8% fall in sales for the quarter ended Sep 2020 to Rs 759.69 crore. But with operating profit margin expand by 80 bps to 19%, the fall at operating profit was restricted at 4% to Rs 144.29 crore. However with other income stand lower by sharp 45% to Rs 14.36 crore, the fall at PBIDT was 10% to Rs 158.65 crore. Interest cost was up by 29% to Rs 1.76 crore and the depreciation was up by 30% to Rs 11.40 crore. After accounting for higher interest and depreciation the PBT was down by 13% to Rs 145.49 crore. The taxation was lower by 19% to Rs 37.44 crore and thus the fall at PAT was 10% to Rs 108.05 crore.

Half Yearly performance

Sales was down by 11% to Rs 1495.92 crore and that together with 70 bps contraction in OPM to 18.2%, the operating profit was down by 15% to RS 272.21 crore. After accounting for lower other income (down 29% to Rs 31.79 crore) the PBIDT was down by 16% to Rs 304 crore. With interest down by 8% to Rs 3.24 crore and depreciation up by 33% to Rs 23.01 crore, the PBT was down by 19% to Rs 277.75 crore. The taxation was down by 34% to Rs 71.62 crore and thus the PAT was down by 12% to Rs 206.13 crore.

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