HONEYWELL AUTOMATION Announces Quarterly Results (3QFY20); Net Profit Up 69.0%

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HONEYWELL AUTOMATION Announces Quarterly Results (3QFY20); Net Profit Up 69.0%
Tue, 4 Feb

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

HONEYWELL AUTOMATION Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m8,1188,2759,0128.9%11.0%
Other incomeRs m177261192-26.6%8.2%
TurnoverRs m8,2958,5379,2047.8%11.0%
ExpensesRs m6,9366,7707,1265.3%2.7%
Gross profitRs m1,1821,5051,88625.3%59.6%
DepreciationRs m398711531.6%191.9%
InterestRs m0141834.6%0.0%
Profit before taxRs m1,3201,6661,94416.7%47.3%
TaxRs m4634634977.3%7.3%
Profit after taxRs m8561,2021,44720.4%69.0%
Gross profit margin%14.618.220.9
Effective tax rate%35.127.825.6
Net profit margin%10.314.115.7
* 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 11.0% on a year-on-year (YoY) basis. The expenses were up by 2.7% YoY during the same period.
  • The company's operating profit increased by 59.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.9% in 3QFY20 as against 14.6% in 3QFY19.
  • Depreciation charges increased by 191.9% and finance costs increased by 0.0% YoY, respectively.
  • Other income increased by 8.2% YoY during the quarter.
  • Net profit for the quarter increased by 69.0% YoY. Net profit margins during the quarter increased from 10.3% in 3QFY19 to 15.7% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 8.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.3% QoQ during the same period.
  • The company's operating profit increased by 25.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.9% in 3QFY20 as against 18.2% in 2QFY19.
  • Net profit for the quarter increased by 20.4% QoQ, while net profit margins increased from 14.1% in 2QFY19 to 15.7% in 3QFY20.

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

Get Details: We are Bullish on These 3 Little-known Stocks

HONEYWELL AUTOMATION Share Price Performance

Over the last one year,HONEYWELL AUTOMATION share price has moved up from Rs 21,313.6 to Rs 31,450.0, registering a Gain of Rs 10,136.5 or around 47.6%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 16,896.4 (up 1.6%). Over the last one year it has moved down from 17,261.1 to 16,896.4, a gain of 365 points (down 2.1%).

Overall, the S&P BSE SENSEX is up 10.9% over the year.

Current Valuations

At the current price of Rs 31,450.0, the price to earnings (P/E) ratio of HONEYWELL AUTOMATION stands at 60.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 15.9 times.

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