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Honeywell Automation India Q4 2024 Quarterly Earnings: YoY Sales Up 11.89 %, QoQ Down 11.23 %

May 16, 2024May 16, 2024| adminadmin| 0 Comments| 1:36 pm
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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.

The comprehensive analytics outlining the performance and outlook of Honeywell Automation India Ltd.”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

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.

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