Johnson Controls - Hitachi Air Conditioning India Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
BOSCH-HCIL · price
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Awaiting price reaction for this filing.
Johnson Controls-Hitachi Air Conditioning India reported weak Q1 FY26 results with revenue from operations falling to Rs. 8,526.3 million, down about 14.4% from Rs. 9,959.6 million in the same quarter last year. Net profit dropped sharply to Rs. 152.5 million from Rs. 361.5 million, a decline of roughly 58% YoY, with EPS falling to Rs. 5.6 from Rs. 13.3. The company flagged two exceptional items: Rs. 33 million in termination benefits from a realignment exercise and a Rs. 311 million inventory loss from a warehouse fire, for which an equivalent insurance claim receivable has been recognized. Despite the weak quarter, the Board declared a healthy interim dividend of Rs. 36 per share. The auditor (Price Waterhouse & Co) issued an unqualified review report.
The double-digit revenue decline and sharp profit fall reflect weak demand and one-time hits, which may pressure near-term stock sentiment. However, the fire loss is largely offset by insurance recovery and the strong interim dividend signals management confidence in cash generation, offering some support to shareholders.