Results     05-Feb-21
Analysis
Honeywell Automation India
Net up by 4% thanks to higher OPM and higher OI
Related Tables
 Honeywell Automation India: Standalone Results
Honeywell Automation India has registered 3% fall in sales for the quarter ended Dec 2020 to Rs 874.16 crore. But with operating profit margin expand by 80 bps to 21.5%, the fall at operating profit moderated to stand at 1% to Rs 187.55 crore. Other income was up by 48% to Rs 28.45 crore and thus the PBIDT was up by 4% to Rs 216 crore. With interest stand lower by 28% to Rs 1.32 crore and depreciation stand higher by 10% to Rs 12.67 crore, the PBT was up by 4% to Rs 202.01 crore. The taxation was up by 5% to Rs 52.12 crore and thus the PAT was up by 4% to Rs 149.89 crore.

Nine month performance

Sales was down by 8% to Rs 2370.08 crore and with OPM contract by marginal 20 bps to 19.4%, the operating profit was down by 9% to Rs 459.76 crore. The other income was down by 6% to Rs 60.24 crore and thus the PBIDT was down by 9% to Rs 520 crore. After accounting for lower interest and higher depreciation, the PBT was down by 11% to Rs 479.76 crore. The taxation was down by 21% to Rs 123.74 crore and the PAT was down by 6% to Rs 356.02 crore.

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