Honeywell Automation India reported a 3% increase in net sales to Rs 446.67 crore for June'13 quarter. OPM was up by 80 bps to 9.2% on a low base of June'13 quarter, thus resulting OP of Rs 41.06 crore, up by 13%. Other income was down by 25% to Rs 4.56 crore. PBIDT thus was up by 7% to Rs 45.62 crore. After providing depreciation of Rs 3.12 crore, PBT stood at Rs 42.50 crore, up by 9%. Total tax paid was up by 2% to Rs 13.88 crore, thus PAT for June'13 quarter stood at Rs 28.62 crore, up by 2% YoY.
Performance for 6 months ended June'14
For the 6 months ended June'14, net sales were up by 4% to Rs 853.82 crore. OPM was up by 170 bps to 9.2% resulting an OP of Rs 78.91 crore, up by 29% YoY. Other income stood at Rs 8.29 crore up by 14% resulting PBIDT of Rs 87.20 crore, up by 27% YoY. Interest costs stood at Rs 7 lakh and depreciation was down by 7% to Rs 6.48 crore. After providing total tax of Rs 26.45 crore, up by 45% YoY, PAT for 6 months ended June'14 stood at Rs 54.20 crore, up by 25% YoY.
Performance for the CY ended 2013
For CY ended 2013, net sales was up by 3% to Rs 1706.99 crore. OPM was down by 50 bps to 6.9% resulting OP being down by 3% to Rs 118.45 crore. Other income was up by 67% to Rs 18.64 crore, thus PBIDT was up by 3%. Interest costs stood at Rs 39 lakh and depreciation were down by 1% to Rs 13.92 crore resulting PBT of Rs 122.78 crore, up by 3% YoY. After providing total tax of Rs 36.62 crore, up by 7% YoY, PAT for 12 months ended 2013 stood at Rs 86.16 crore, up by 1% YoY.
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