Honeywell Electrical Devices has released its financials for FY24

10 September 2024

Let's take a detailed look at how Honeywell Electrical Devices has performed in FY24:

Revenue and Profitability: There has been a growth of 4.42% in revenue compared to the previous financial year, indicating a moderate increase in sales or revenue generation. Company has registered a sales of ₹159.7 Cr. in FY24 as compared to ₹152.9 Cr. in FY23. On the other hand, there is a significant decline of 28.32% in PAT, which suggests that despite revenue growth, the company's net profit has fallen, likely due to increased expenses. Company registered a PAT of ₹11.4 Cr. in FY24 as compared to ₹15.9 Cr. in FY23.

Earnings Per Share: EPS has decreased by 28.35%, in line with the reduction in PAT, reflecting lower profitability per share for the company's shareholders. The company has an EPS of ₹120.2 in FY24 as compared to ₹167.7 in FY23.

Assets and Equity: While company's total assets grew by 8.66%, indicating that the company has increased its assets. Company's Total Assets value stood at ₹187.5 Cr. in FY24 as compared to ₹172.5 Cr. in FY23. On the other hand, company's total equity has increased by 10.26%, showing that the company has strengthened its equity base. Company's total equity stood at ₹119.7 Cr. in FY24 as compared to ₹108.5 Cr. in FY23.

Overall while the company is increasing its operational scale, it faces challenges in maintaining profitability.