Johnson Controls Hitachi Air Conditioning India Q2 Results Live: Loss Falls by 46.72% YOY

Johnson Controls Hitachi Air Conditioning India Q2 Results Live : Johnson Controls Hitachi Air Conditioning India declared their Q2 results on 23 Oct, 2024, showcasing a significant topline increase of 41.45% compared to the same period last year, while the loss decreased by 46.72%. However, the company faced challenges as revenue declined by 60.21% from the previous quarter and losses increased by 183.13%.

The Selling, General & Administrative (SG&A) expenses saw a rise of 3.52% quarter-on-quarter and increased by 9.01% year-on-year, indicating higher operational costs that may affect future profitability.

Operating income reflected a notable downturn, plummeting by 213.15% quarter-on-quarter, although it recorded an increase of 36.71% year-on-year. This discrepancy highlights the volatility in financial performance within the recent quarters.

The Earnings Per Share (EPS) for Q2 stood at ₹-11.1, marking a 37.66% improvement year-on-year, suggesting that although the company is still in the red, its losses are narrowing.

In terms of stock performance, Johnson Controls Hitachi Air Conditioning India has delivered a -6.21% return over the past week, but impressive gains of 104.95% over the last six months and 118.29% year-to-date.

The company's current market capitalization is ₹6625.06 Cr, with a 52-week high of ₹2620.1 and a low of ₹951.35, illustrating significant volatility in share price.

As of 24 Oct, 2024, the outlook from analysts remains cautious, with 1 out of 1 analysts covering the company giving a 'Sell' rating. The consensus recommendation indicates a negative sentiment towards future performance.