Johnson Controls-Hitachi Reports Rise in Quarterly and Annual Profit

Johnson Controls-Hitachi Reports Rise in Quarterly and Annual Profit

India: Johnson Controls-Hitachi Air Conditioning India reported a 14.87% increase in standalone net profit for the quarter ended March 2025. The profit stood at INR 56.07 crore (approximately USD 6.7 million), compared to INR 48.81 crore (approximately USD 5.8 million) in the same quarter of the previous year. Sales for the quarter rose by 20.83% to INR 932.57 crore (approximately USD 111.4 million), up from INR 771.81 crore (approximately USD 92.2 million) in the March 2024 quarter. 

For the full financial year ending March 2025, the company reported a net profit of INR 58.83 crore (approximately USD 7 million), compared to a net loss of INR 75.71 crore (approximately USD 9 million) in the previous year. Annual sales increased by 43.66%, reaching INR 2756.46 crore (approximately USD 329 million), up from INR 1918.70 crore (approximately USD 229 million) in the year ended March 2024.

Source: Business Standard