Results     13-Feb-18
Analysis
Honeywell Automation India
Sluggish quarter
Related Tables
 Honeywell Automation India: Result
Honeywell Automation India reported a 6% increase in net sales to Rs 721.48 crore for Dec 17 quarter. OPM was higher by 80 bps to 12.8%, thus restricting the OP to flat on YoY basis to Rs 92.43 crore for Dec 17 quarter. Other income was lower by 37% to Rs 6.60 crore. PBIDT thus was down by 4% to Rs 99.03 crore. Interest costs stood at Nil for Dec 17 quarter. After providing depreciation of Rs 3.62 crore down by 13% YoY, PBT stood at Rs 95.41 crore, down by 4%. After providing total tax of Rs 33.15 crore, down by 5% on YoY basis, PAT for the Dec 17 quarter stood at Rs 62.26 crore, down by 3% YoY.

Performance for the 9 months ended Dec 17

For 9 months ended Dec 17, net sales were up by 13% to Rs 2050.22 crore. OPM was higher by 210 bps to 13.8% thus resulting in a 33% increase in OP to Rs 283.38 crore. Other income was down by 24% to Rs 20.61 crore. Interest cost stood at Nil for 6 months ended Dec 17. Depreciation was down by 11% to Rs 10.95 crore, leading a 28% increase in PBT to Rs 293.04 crore. After providing total tax of Rs 101.68 crore, PAT for 9 months ended Dec 17 stood at Rs 191.36 crore up by 30% YoY.

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