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16-May-2024

Honeywell Automation India

Net up 32% largely on good operating show


'Standalone net sales (including other operating income) of Honeywell Automation India for the quarter ended Mar 2024 has increased 11.89% to Rs 950.70 crore.  Operating profit margin has jumped from 16.34% to 17.87%, leading to 22.41% rise in operating profit to Rs 169.90 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 38.51% to 43.20%.   Purchase of finished goods cost rose from 12.20% to 13.00%.   Employee cost decreased from 18.26% to 13.64%.   Employee cost includes reversal of Rs 27.9 crore related to actuarially determined liability upon conversion from defined benefit plan to defined contribution plan during the quarter ended March 31 , 2024 (March 31 , 2023 ~ Nil million). Other expenses fell from 15.03% to 12.55%. 

Other income up 55.81% to Rs 41.6 crore.  PBIDT rose 27.79% to Rs 211.5 crore.  Provision for interest up 40% to Rs 0.7 crore.  P...



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