HONEYWELL AUTOMATION Announces Quarterly Results (4QFY20); Net Profit Up 32.1%

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HONEYWELL AUTOMATION Announces Quarterly Results (4QFY20); Net Profit Up 32.1%
Wed, 27 May

HONEYWELL AUTOMATION has announced its results for the quarter ended March 2020. Here is a detailed performance review of the same:

HONEYWELL AUTOMATION Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m8,1039,0127,043-21.9%-13.1%
Other incomeRs m15019233775.8%125.1%
TurnoverRs m8,2539,2047,380-19.8%-10.6%
ExpensesRs m6,8587,1265,757-19.2%-16.1%
Gross profitRs m1,2451,8861,286-31.8%3.3%
DepreciationRs m431151182.7%175.3%
InterestRs m351815-16.9%-56.3%
Profit before taxRs m1,3171,9441,489-23.4%13.1%
TaxRs m476497378-23.9%-20.6%
Profit after taxRs m8411,4471,111-23.2%32.1%
Gross profit margin%15.420.918.3
Effective tax rate%36.125.625.4
Net profit margin%10.215.715.1
* 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 fell 13.1% on a year-on-year (YoY) basis. The expenses were down by 16.1% YoY during the same period.
  • The company's operating profit increased by 3.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.3% in 4QFY20 as against 15.4% in 4QFY19.
  • Depreciation charges increased by 175.3% and finance costs declined by 56.3% YoY, respectively.
  • Other income increased by 125.1% YoY during the quarter.
  • Net profit for the quarter increased by 32.1% YoY. Net profit margins during the quarter increased from 10.2% in 4QFY19 to 15.1% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 21.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 19.2% QoQ during the same period.
  • The company's operating profit declined by 31.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 18.3% in 4QFY20 as against 20.9% in 3QFY19.
  • Net profit for the quarter declined by 23.2% QoQ, while net profit margins declined from 15.7% in 3QFY19 to 15.1% in 4QFY20.

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

Urgent New Alert: About Coming Once-in-a-generation Wealth Shift

HONEYWELL AUTOMATION Share Price Performance

Over the last one year,HONEYWELL AUTOMATION share price has moved down from Rs 26,225.9 to Rs 26,180.0, registering a Loss of Rs 45.9 or around 0.2%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 11,377.3 (up 1.2%). Over the last one year it has moved down from 20,278.5 to 11,377.3, a loss of 8,901 points (down 43.9%).

Overall, the S&P BSE SENSEX is down 22.2% over the year.

Current Valuations

At the current price of Rs 26,180.0, the price to earnings (P/E) ratio of HONEYWELL AUTOMATION stands at 47.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 13.2 times.

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