16 Jul 2019 | 4:44 PM

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COMPANYNEWS
Johnson Controls-Hit Q4 net profit jumps 59.68% at Rs 40.48 cr
  Johnson Controls-Hitachi Air Conditioning India Ltd. | 16 Jul 2019 | 04:01 PM
Published on 05-23-2018
The company reported standalone net profit of Rs 40.48 crore for the quarter ended March 31 2018 as compared to Rs 25.35 crore in the same period last year registering a year-on-year growth of 59.68 per cent.


Net revenue of the company rose moderately by 8.60 per cent at Rs 627.74 crore in January-March quarter of this fiscal as against Rs 578.05 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 5.02 per cent to Rs 553.76 crore from Rs 527.31 crore in year ago period.


Other Income grew by 123.68 per cent at Rs 0.85 crore versus (Mar'17 Rs 0.38 crore).


Operating Profit surged by 45.80 per cent to Rs 73.98 crore as against Rs 50.74 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 34.28 per cent in March quarter.


Interest declined by 51.15 per cent y-o-y to Rs 0.64 crore while Taxation increased by 86.17 per cent at Rs 20.59 crore (Mar'17 Rs 11.06 crore).