Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 11.89 % in the past year, decrease in net sales/revenue by -11.23 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 55.59 %. Marginal increase in other income during this quarter, up by 48.01%.
- Profit over the Year and quarter: Significant improvement in profitability for Honeywell Automation India Ltd.. Notable increase of 32.27 % in net profit Year to Year, Honeywell Automation India Ltd.’s profitability increased by 15.86 % in this quarter.
- EPS over the Year and quarter: EPS increased by 32.26 % Year to Year. EPS increased by 15.9 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 849.68 Cr | Rs. 1071 Cr | Rs. 950.736 Cr | -11.23 % | + 11.89 % |
| Expenses | Rs. 710.88 Cr | Rs. 910.4 Cr | Rs. 780.83 Cr | -14.23 % | + 9.84 % |
| Operating Profit | Rs. 138.8 Cr | Rs. 160.6 Cr | Rs. 169.91 Cr | + 5.8 % | + 22.41 % |
| OPM % | 16.34 % | 15 % | 17.87 % | + 2.87 % | + 1.53 % |
| Other Income | Rs. 26.73 Cr | Rs. 28.1 Cr | Rs. 41.59 Cr | + 48.01 % | + 55.59 % |
| Interest | Rs. 0.49 Cr | Rs. 1.4 Cr | Rs. 0.65 Cr | -53.57 % | + 32.65 % |
| Depreciation | Rs. 13.5 Cr | Rs. 12.8 Cr | Rs. 13.52 Cr | + 5.62 % | + 0.15 % |
| Profit before tax | Rs. 151.54 Cr | Rs. 174.5 Cr | Rs. 197.33 Cr | + 13.08 % | + 30.22 % |
| Tax % | 26.07 % | 26.7 % | 24.91 % | -1.79 % | -1.16 % |
| Net Profit | Rs. 112.03 Cr | Rs. 127.9 Cr | Rs. 148.18 Cr | + 15.86 % | + 32.27 % |
| EPS in Rs | Rs. 126.71 | Rs. 144.6 | Rs. 167.59 | + 15.9 % | + 32.26 % |
Today, we’re looking at Honeywell Automation India Ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 11.89 %. However, it did see a marginal slip of -11.23 % from the previous quarter. Expenses decreased slightly by -14.23 % quarter-on-quarter, aligning with the annual rise of 9.84 %. Operating profit, while up 22.41 % compared to last year, faced a quarter-on-quarter increase of 5.8 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 1.53 %, but an expansion of 2.87 % sequentially. Other income rose by 48.01 % compared to the last quarter, despite an annual growth of 55.59 %. Interest expenses dropped significantly by -53.57 % from the previous quarter, yet the year-over-year increase remains at a moderate 32.65 %. Depreciation costs climbed by 5.62 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0.15 %. Profit before tax grew annually by 30.22 % but saw an increase from the preceding quarter by 13.08 %.
Tax expenses as a percentage of profits decreased slightly by -1.16 % compared to last year, with a more notable quarter-on-quarter decrease of -1.79 %. Net profit rose by 32.27 % year-on-year but experienced a 15.86 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 32.26 % but a quarterly rise of 15.9 %. In summary, Honeywell Automation India Ltd.’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 849.68 Cr | Rs. 1071 Cr | Rs. 950.736 Cr | -11.23 % | + 11.89 % |
| Expenses | Rs. 710.88 Cr | Rs. 910.4 Cr | Rs. 780.83 Cr | -14.23 % | + 9.84 % |
| Operating Profit | Rs. 138.8 Cr | Rs. 160.6 Cr | Rs. 169.91 Cr | + 5.8 % | + 22.41 % |
| Net Profit | Rs. 112.03 Cr | Rs. 127.9 Cr | Rs. 148.18 Cr | + 15.86 % | + 32.27 % |
| EPS in Rs | Rs. 126.71 | Rs. 144.6 | Rs. 167.59 | + 15.9 % | + 32.26 % |
In reviewing Honeywell Automation India Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 11.89 % year-on-year growth, although there was a slight dip of -11.23 % from the previous quarter. Expenses rose by 9.84 % compared to the previous year, with a decrease of -14.23 % quarter-on-quarter. Operating Profit surged by 22.41 % annually, and saw a 5.8 % increase from the last quarter.
Net Profit showed yearly increase of 32.27 %, and experienced a 15.86 % increase from the previous quarter. Earnings Per Share (EPS) rose by 32.26 % annually, however rose by 15.9 % compared to the last quarter. In essence, while Honeywell Automation India Ltd. exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
