Honeywell Automation India

Net down 7% on weak operating performance

Aug 07, 2021 01:08 IST capital market

Net sales (including other operating income) of Honeywell Automation India for the quarter ended Jun 2021 has declined 7% to Rs 683.20 crore.  Operating profit margin has slumped from 17.4% to 17.1%, leading to 9% decline in operating profit to Rs 116.65 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 40.63% to 38.77%.   Purchase of finished goods cost rose from 8.90% to 10.27%.   Employee cost increased from 17.92% to 19.47%.   Other expenses fell from 15.35% to 14.83%.   

Other income up 25% to Rs 21.8 crore.  Provision for interest up 24% to Rs 1.84 crore.  Provision for depreciation rose 12% to Rs 13.01 crore.  Profit before tax down 7% to Rs 123.60 crore.  Provision for tax was expense of Rs 32.07 crore, compared to Rs 34.18 crore.  Effective tax rate was 25.95% compared to 25.84%. Profit after tax fell 7% to Rs 91.53 crore.  

Other developments

Promoters stake was 75.00% as of 30 June 2021, compared to 75.00% as of 30 June 2020.  


  • Honeywell Automation India: Standalone Results

     

    2106 (3)

    2006 (3)

    Var. (%)

    2103 (12)

    2003 (12)

    Var. (%)

    Sales

    683.20

    736.23

    -7

    3042.78

    3290.01

    -8

    OPM (%)

    17.1

    17.4

     

    19.4

    19.4

     

    OP

    116.65

    127.92

    -9

    588.92

    637.12

    -8

    Other inc.

    21.80

    17.43

    25

    83.97

    97.65

    -14

    PBIDT

    138.45

    145.35

    -5

    672.89

    734.77

    -8

    Interest (net)

    1.84

    1.48

    24

    6.21

    6.87

    -10

    PBDT

    136.61

    143.87

    -5

    666.68

    727.90

    -8

    Depreciation

    13.01

    11.61

    12

    48.66

    41.35

    18

    PBT 

    123.60

    132.26

    -7

    618.02

    686.55

    -10

    EO

    0.00

    0.00

     

    0.00

    0.00

     

    PBT after EO

    123.60

    132.26

    -7

    618.02

    686.55

    -10

    Taxation

    32.07

    34.18

    -6

    157.98

    195.07

    -19

    PAT

    91.53

    98.08

    -7

    460.04

    491.48

    -6

    PPI/ EO (net of tax)

    0.00

    0.00

     

    0.00

    0.00

     

    Net profit

    91.53

    98.08

    -7

    460.04

    491.48

    -6

    EPS (Rs)*

    #

    #

     

    520.4

    556.0

     

    * EPS is on  current equity of Rs 8.84 crore, Face value of Rs 10

    # EPS is not annualised due to seasonality of business;

    Var (%) exceeding 999 is restricted to 999

    Figures in Rs crore

    Source: Capitaline Corporate Database

     

     

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