JOHNSON CONTROLS - HITACHI AC INDIA Announces Quarterly Results (2QFY19); Net Profit Up 378.4%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Markets will remain closed on 6th April, 2020 on account of Mahavir Jayanti.

JOHNSON CONTROLS - HITACHI AC INDIA Announces Quarterly Results (2QFY19); Net Profit Up 378.4%
Mon, 12 Nov

JOHNSON CONTROLS - HITACHI AC INDIA has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

JOHNSON CONTROLS - HITACHI AC INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m3,1747,9413,469-56.3%9.3%
Other incomeRs m21586410.8%200.1%
TurnoverRs m3,1967,9993,533-55.8%10.6%
ExpensesRs m3,0757,0983,417-51.9%11.1%
Gross profitRs m9984352-93.8%-47.4%
DepreciationRs m125116105-9.9%-16.2%
InterestRs m3220.0%-24.4%
Profit before taxRs m-778310-98.8%
TaxRs m-52755-98.3%
Profit after taxRs m-25075-99.0%
Gross profit margin%3.110.61.5
Effective tax rate%75.635.249.5
Net profit margin%-0.16.30.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 9.3% on a year-on-year (YoY) basis. The expenses were up by 11.1% YoY during the same period.
  • The company's operating profit declined by 47.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 1.5% in 2QFY19 as against 3.1% in 2QFY18.
  • Depreciation charges declined by 16.2% and finance costs declined by 24.4% YoY, respectively.
  • Other income increased by 200.1% YoY during the quarter.
  • Net profit for the quarter increased by 378.4% YoY. Net profit margins during the quarter increased from -0.1% in 2QFY18 to 0.1% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 56.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 51.9% QoQ during the same period.
  • The company's operating profit declined by 93.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 1.5% in 2QFY19 as against 10.6% in 1QFY18.
  • Net profit for the quarter declined by 99.0% QoQ, while net profit margins declined from 6.3% in 1QFY18 to 0.1% in 2QFY19.

To see how JOHNSON CONTROLS - HITACHI AC INDIA has performed over the last eight quarters, please visit here.

JOHNSON CONTROLS - HITACHI AC INDIA Share Price Performance

Over the last one year, JOHNSON CONTROLS - HITACHI AC INDIA share price has moved up from Rs 2,395.7 to Rs 1,813.0, registering a Loss of Rs 582.7 or around 24.3%.

Meanwhile, the S&P BSE CONSUMER DURABLES Index is trading at Rs 19,649.5 (up 0.7%). Over the last one year it has moved down from 20,524.5 to 19,649.5, a gain of 875 points (down 4.3%).

Overall, the S&P BSE SENSEX is up 5.6% over the year.

Current Valuations

At the current price of Rs 1,813.0, the price to earnings (P/E) ratio of JOHNSON CONTROLS - HITACHI AC INDIA stands at 54.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 11.2 times.

Equitymaster requests your view! Post a comment on "JOHNSON CONTROLS - HITACHI AC INDIA Announces Quarterly Results (2QFY19); Net Profit Up 378.4%". Click here!

  

Related Views on News

JOHNSON CONTROLS - HITACHI AC Announces Quarterly Results (2QFY20); Net Profit Down 230.6% (Quarterly Result Update)

Nov 1, 2019 | Updated on Nov 1, 2019

For the quarter ended September 2019, JOHNSON CONTROLS - HITACHI AC has posted a net profit of Rs 6 m (down 230.6% YoY). Sales on the other hand came in at Rs 4 bn (up 8.6% YoY). Read on for a complete analysis of JOHNSON CONTROLS - HITACHI AC's quarterly results.

JOHNSON CONTROLS - HITACHI AC INDIA Announces Quarterly Results (3QFY19); Net Profit Down 327.3% (Quarterly Result Update)

Jan 31, 2019 | Updated on Jan 31, 2019

For the quarter ended December 2018, JOHNSON CONTROLS - HITACHI AC INDIA has posted a net profit of Rs 76 m (down 327.3% YoY). Sales on the other hand came in at Rs 4 bn (up 15.2% YoY). Read on for a complete analysis of JOHNSON CONTROLS - HITACHI AC INDIA's quarterly results.

JOHNSON CONTROLS - HITACHI AC INDIA 2017-18 Annual Report Analysis (Annual Result Update)

Dec 31, 2018 | Updated on Dec 31, 2018

Here's an analysis of the annual report of JOHNSON CONTROLS - HITACHI AC INDIA for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of JOHNSON CONTROLS - HITACHI AC INDIA. Also includes updates on the valuation of JOHNSON CONTROLS - HITACHI AC INDIA.

More Views on News

Most Popular

Sorry Warren Buffett, I'm Following This Man Instead of You in 2020(The 5 Minute Wrapup)

Mar 30, 2020

This man warned of an impending market correction while everyone else was celebrating the renewed optimism in early 2020...

The Biggest Trading Opportunity of 2020 is Here...

Mar 26, 2020

India's #1 trader, Vijay Bhambwani, talks about a hugely profitable trading opportunity which you must know about today!

Coronavirus Sell-off Is a Perfect Time to 'Lockdown' this 'Crorepati' Stock(Profit Hunter)

Mar 24, 2020

Coronavirus crisis and panic selling has brought this quality smallcap to multiyear lows, making it a great bargain.

A Big Trading Opportunity is Coming Your Way Soon(Fast Profits Daily)

Mar 25, 2020

I see a big opportunity to make fast profits on the horizon.

One Stock that is All Charged Up for the Post Coronavirus Rebound(The 5 Minute Wrapup)

Apr 1, 2020

A stock with strong moat is currently trading near 5-year lows.

More

How to Trade the
Coronavirus Crash

Coronavirus Crash
Get this special report, authored by Equitymaster's top analysts, now.
We will never sell or rent your email id.
Please read our Terms

JOHNSON CONTROLS - HITACHI AC SHARE PRICE


Apr 3, 2020 (Close)

TRACK JOHNSON CONTROLS - HITACHI AC

  • Track your investment in JOHNSON CONTROLS - HITACHI AC with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON JOHNSON CONTROLS - HITACHI AC

JOHNSON CONTROLS - HITACHI AC - SADBHAV ENGINEERING COMPARISON

COMPARE JOHNSON CONTROLS - HITACHI AC WITH

MARKET STATS