16 Jul 2019 | 4:37 PM

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COMPANYNEWS
Johnson Controls-Hit Q4 net profit up 4.50% at Rs 42.30 cr
  Johnson Controls-Hitachi Air Conditioning India Ltd. | 16 Jul 2019 | 04:01 PM
Published on 05-16-2019
The company reported standalone net profit of Rs 42.30 crore for the quarter ended March 31 2019 as compared to Rs 40.48 crore in the same period last year registering a year-on-year growth of 4.50 per cent.


Net revenue of the company rose moderately by 6.01 per cent at Rs 665.45 crore in January-March quarter of this fiscal as against Rs 627.74 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 6.22 per cent to Rs 588.20 crore from Rs 553.76 crore in year ago period.


Other Income dipped by 2.35 per cent at Rs 0.83 crore versus (Mar`18 Rs 0.85 crore).


Operating Profit surged by 4.42 per cent to Rs 77.25 crore as against Rs 73.98 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 1.53 per cent in March quarter.


Interest grew by 214.06 per cent y-o-y to Rs 2.01 crore while Taxation increased by 10.49 per cent at Rs 22.75 crore (Mar`18 Rs 20.59 crore).