HONEYWELL AUTOMATION Announces Quarterly Results (1QFY20); Net Profit Up 24.4%

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HONEYWELL AUTOMATION Announces Quarterly Results (1QFY20); Net Profit Up 24.4%
Tue, 13 Aug

HONEYWELL AUTOMATION has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

HONEYWELL AUTOMATION Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m7,7048,1038,5705.8%11.2%
Other incomeRs m24715018624.3%-24.5%
TurnoverRs m7,9508,2538,7576.1%10.1%
ExpensesRs m6,4996,8586,8830.4%5.9%
Gross profitRs m1,2051,2451,68735.5%40.0%
DepreciationRs m38438598.8%123.9%
InterestRs m03522-37.9%0.0%
Profit before taxRs m1,4131,3171,76634.1%25.0%
TaxRs m49647662531.4%26.0%
Profit after taxRs m9178411,14135.6%24.4%
Gross profit margin%15.615.419.7
Effective tax rate%35.136.135.4
Net profit margin%11.510.213.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 11.2% on a year-on-year (YoY) basis. The expenses were up by 5.9% YoY during the same period.
  • The company's operating profit increased by 40.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.7% in 1QFY20 as against 15.6% in 1QFY19.
  • Depreciation charges increased by 123.9% and finance costs increased by 0.0% YoY, respectively.
  • Other income declined by 24.5% YoY during the quarter.
  • Net profit for the quarter increased by 24.4% YoY. Net profit margins during the quarter increased from 11.5% in 1QFY19 to 13.0% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 5.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.4% QoQ during the same period.
  • The company's operating profit increased by 35.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.7% in 1QFY20 as against 15.4% in 4QFY19.
  • Net profit for the quarter increased by 35.6% QoQ, while net profit margins increased from 10.2% in 4QFY19 to 13.0% in 1QFY20.

To see how HONEYWELL AUTOMATION has performed over the last eight quarters,please visit here.

HONEYWELL AUTOMATION Share Price Performance

Over the last one year,HONEYWELL AUTOMATION share price has moved up from Rs 22,310.7 to Rs 23,604.6, registering a Gain of Rs 1,293.9 or around 5.8%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,101.0 (down 1.2%). Over the last one year it has moved down from 18,029.9 to 17,101.0, a gain of 929 points (down 5.2%).

Overall, the S&P BSE SENSEX is down 1.3% over the year.

Current Valuations

At the current price of Rs 23,604.6, the price to earnings (P/E) ratio of HONEYWELL AUTOMATION stands at 54.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 14.7 times.

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