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06-Nov-2023

Honeywell Automation India

Net up 3% largely on higher sales


'Standalone net sales (including other operating income) of Honeywell Automation India for the quarter ended Sep 2023 has increased 39.02% to Rs 1,104.20 crore.  Operating profit margin has declined from 16.09% to 12.52%, leading to 8.22% rise in operating profit to Rs 138.30 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 40.58% to 42.28%.   Purchase of finished goods cost rose from 9.42% to 18.67%.   Employee cost decreased from 20.68% to 15.75%.   Other expenses fell from 12.94% to 10.68%.   Other income fell 10.69% to Rs 40.1 crore.  PBIDT rose 3.30% to Rs 178.4 crore.  Provision for interest fell 41.67% to Rs 0.7 crore.  PBDT rose 3.62% to Rs 177.7 crore.  Provision for depreciation rose 7.81% to Rs 13.8 crore.  Profit before tax grew 3.28% to Rs 163.90 crore.  Provision for tax was expense of Rs 42 crore, compared to Rs 40.8 crore...



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