Results     10-Nov-16
Analysis
Honeywell Automation India
Operating profit up 20%
Related Tables
 Honeywell Automation India: Result
Honeywell Automation India reported a 14% increase in net sales to Rs 579.81 crore for Sep'16 quarter. OPM was higher by 60 bps to 11.9%, thus resulting OP of Rs 69.11 crore for Sep'16 quarter, up by 20%. Other income was lower by 31% to Rs 5.74 crore. PBIDT thus was up by 14% to Rs 74.85 crore. Interest costs stood at Nil for Sep'16 quarter. After providing depreciation of Rs 4.16 crore up by 10% YoY, PBT stood at Rs 70.69 crore, up by 14%. After providing total tax of Rs 25.31 crore, up by 23% on YoY basis, PAT for the Sep'16 quarter stood at Rs 45.38 crore, up by 9% YoY.

Performance for the 6 months ended Sep'16

For 6 months ended Sep'16 quarter, net sales were up by 12% to Rs 1144.09 crore. OPM was lower by 100 bps to 10.3% thus resulting in a 2% increase in OP to Rs 117.84 crore. Other income was up by 35% to Rs 19.40 crore. Interest cost stood at Rs 1 lakh. Depreciation was up by 7% to Rs 8.07 crore, leading a 6% increase in PBT to Rs 129.16 crore. After providing total tax of Rs 45.59 crore, PAT for 6 months ended Sep'16 quarter stood at Rs 83.57 crore.

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