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

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JOHNSON CONTROLS - HITACHI AC INDIA Announces Quarterly Results (3QFY19); Net Profit Down 327.3%
Thu, 31 Jan

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

JOHNSON CONTROLS - HITACHI AC INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m3,7743,4694,34925.4%15.2%
Other incomeRs m156423-63.7%52.6%
TurnoverRs m3,7893,5334,37223.7%15.4%
ExpensesRs m3,6793,4174,37828.1%19.0%
Gross profitRs m9552-30-156.6%-130.9%
DepreciationRs m1331051115.8%-16.9%
InterestRs m3229.1%-19.2%
Profit before taxRs m-2510-119-1328.9%
TaxRs m-85-43-1004.2%
Profit after taxRs m-185-76-1646.9%
Gross profit margin%2.51.5-0.7
Effective tax rate%30.149.536.4
Net profit margin%-0.50.1-1.7
* 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 15.2% on a year-on-year (YoY) basis. The expenses were up by 19.0% YoY during the same period.
  • The company's operating profit declined by 130.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 0.7% in 3QFY19 as against 2.5% in 3QFY18.
  • Depreciation charges declined by 16.9% and finance costs declined by 19.2% YoY, respectively.
  • Other income increased by 52.6% YoY during the quarter.
  • Net profit for the quarter declined by 327.3% YoY. Net profit margins during the quarter declined from -0.5% in 3QFY18 to -1.7% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 25.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 28.1% QoQ during the same period.
  • The company's operating profit declined by 156.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 0.7% in 3QFY19 as against 1.5% in 2QFY18.
  • Net profit for the quarter declined by 1646.9% QoQ, while net profit margins declined from 0.1% in 2QFY18 to -1.7% in 3QFY19.

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 2,502.8 to Rs 1,767.5, registering a Loss of Rs 735.3 or around 29.4%.

Meanwhile, the S&P BSE CONSUMER DURABLES Index is trading at Rs 21,063.7 (up 0.5%). Over the last one year it has moved down from 22,476.8 to 21,063.7, a gain of 1,413 points (down 6.3%).

Overall, the S&P BSE SENSEX is up 0.4% over the year.

Current Valuations

At the current price of Rs 1,767.5, the price to earnings (P/E) ratio of JOHNSON CONTROLS - HITACHI AC INDIA stands at 57.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 9.0 times.

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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 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.

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

Nov 12, 2018 | Updated on Nov 12, 2018

For the quarter ended September 2018, JOHNSON CONTROLS - HITACHI AC INDIA has posted a net profit of Rs 5 m (up 378.4% YoY). Sales on the other hand came in at Rs 3 bn (up 9.3% YoY). Read on for a complete analysis of JOHNSON CONTROLS - HITACHI AC INDIA's quarterly results.

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