'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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