For year-to-date (YTD) results analysis

Net sales (including other operating income) of Honeywell Automation India for half year ended Sep 2023 has increased 28.86% to Rs 2,036.50 crore.  Operating profit margin has declined from 15.79% to 12.71%, leading to 3.73% rise in operating profit to Rs 258.90 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 40.61% to 41.71%.   Purchase of finished goods cost rose from 10.62% to 15.77%.   Employee cost decreased from 19.94% to 17.05%.   Other expenses fell from 13.09% to 12.88%.   Other income fell 1.35% to Rs 73.1 crore.  PBIDT rose 2.56% to Rs 332 crore.  Provision for interest fell 37.50% to Rs 1.5 crore.   PBDT rose 2.86% to Rs 330.5 crore.  Provision for depreciation rose 8.30% to Rs 27.4 crore.   Profit before tax grew 2.40% to Rs 303.10 crore.  Provision for tax was expense of Rs 77.8 crore, compared to Rs 76.1 crore.  Effective tax rate was 25.67% compared to 25.71%. Profit after tax rose 2.46% to Rs 225.30 crore.  

Others

Equity capital decreased from Rs 8.84 crore as of 30 September 2022 to Rs 8.80 crore as of 30 September 2023 .  Per share face Value remained same at Rs 10.00.  

Promoters’ stake was 75.00% as of 30 September 2023 ,compared to 75.00% as of 30 September 2022 .