16 Jul 2019 | 4:48 PM

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COMPANYNEWS
Johnson Controls-Hit posts Q3 net loss of Rs 7.58 cr
  Johnson Controls-Hitachi Air Conditioning India Ltd. | 16 Jul 2019 | 04:01 PM
Published on 01-29-2019
The company reported standalone net loss during the quarter stood at Rs 7.58 crore as compared to net loss of Rs 1.77 crore in the previous year quarter.


Net revenue of the company rose moderately by 15.23 per cent at Rs 434.89 crore in October-December quarter of this fiscal as against Rs 377.40 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 19.02 per cent to Rs 437.84 crore from Rs 367.86 crore in year ago period.


Other Income grew by 52.94 per cent at Rs 2.34 crore versus (Dec`17 Rs 1.53 crore).


Operating Profit slipped by 130.92 per cent to Rs -2.95 crore as against Rs 9.54 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 126.88 per cent in December quarter.


Interest declined by 20.00 per cent y-o-y to Rs 0.24 crore while Taxation increased by 463.64 per cent at Rs -4.34 crore (Dec`17 Rs -0.77 crore).