Honeywell Automation India Ltd's Q2FY19 standalone net profit rises 32.09% yoy to Rs97.39cr

The company’s standalone revenue stood at Rs782.31cr, up 16.21% yoy and 1.55% qoq.

Oct 31, 2018 05:10 IST India Infoline Research Team

Honeywell Automation India Ltd Q2FY19

Standalone Results Q2FY19: (Rs. in cr)

Q2FY19 YoY (%)
Revenue 782.31 16.2
EBITDA 132.50 23.6
EBITDA Margin (%) 16.9 101
Net Profit (adjusted) 97.39 32.1
***EBITDA margin change is bps
Honeywell Automation’s revenue from operations increased by 16.2% yoy to Rs782.3cr in Q2FY19 as against Rs673.2cr in Q2FY18. EBITDA for the quarter witnessed a strong growth of 23.5% yoy to Rs132.5cr. EBITDA margin expanded by 101bps yoy to 16.9% from 15.9% in the corresponding quarter last year. Profit after tax increased by 32.1% yoy to Rs97.4cr for the current quarter as compared to Rs73.7cr for the same period last year.
  • EBITDA performance came on the back of stronger growth in the top-line and lower than expected rise in operating expenses. This also aided the healthy expansion in operating margin.
  • Net profit witnessed a stellar growth driven by higher revenues further aided by other income, which jumped 134.5% yoy to Rs21.3cr in Q2FY19.
  • Raw material increased by 24.7% yoy Rs332.5cr during the September quarter of 2018.
  • Tax expenses increased 34.2% yoy to Rs52.5cr in Q2FY19.

Technical View:

Honeywell Automation India Ltd ended at Rs. 19,801.30, up by 387.85 points or 2% from its previous closing of Rs. 19,413.45 on the BSE.
The scrip opened at Rs. 19,406.90 and touched a high and low of Rs. 19,844.05 and Rs. 19,406.90 respectively. A total of 373 (NSE+BSE) shares were traded on the counter. The stock traded above its 50 DMA.

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