Johnson Controls-Hitachi Declares ₹36 Interim Dividend per Share for FY26; Record Date Set for July 9

Ahmedabad, July 3, 2025: Johnson Controls-Hitachi Air Conditioning India Ltd (NSE: JCHAC, BSE: 523398) has announced an interim dividend of ₹36 per equity share for the financial year 2025–26. This translates to a significant 360% dividend based on a face value of ₹10 per share. The record date for this interim dividend has been set for July 9, 2025, with the payment expected to be disbursed to eligible shareholders on or before July 24, 2025. This decision was made during the company’s board meeting held earlier today in Ahmedabad.

The decision was taken at the company’s board meeting held earlier today, which commenced at 11:00 a.m. and concluded at 11:50 a.m. The interim dividend will be paid to shareholders whose names appear on the company’s register of members as of the record date, in accordance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Dividend Details

Financial Snapshot (As of March 31, 2025)

The company has demonstrated a notable financial performance, especially in the recent fiscal year.

Annual Performance (FY2024-25 vs FY2023-24):

• Total Revenue: ₹2,756.46 Crore (up 43.66% from ₹1,918.70 Crore in FY2023-24)
• Net Profit: ₹58.83 Crore (a significant recovery from a net loss of ₹75.71 Crore in FY2023-24)

Quarterly Performance (Q4 FY2024-25 vs Q4 FY2023-24):

• Total Revenue: ₹936.15 Crore (up 20.83% from ₹774.79 Crore in Q4 FY2023-24)
• Net Profit: ₹56.07 Crore (up 14.87% from ₹48.81 Crore in Q4 FY2023-24)

This indicates a strong turnaround and growth trajectory for the company in the last fiscal year.

Share Price Performance

As of 12:32 p.m., the shares of Johnson Controls-Hitachi Air Conditioning India Ltd were trading at ₹1,767.40, up by 1.32% or ₹23.10. It remains to be seen at what price the shares close at the end of today’s market session.

What’s Next for Johnson Controls-Hitachi?

Johnson Controls-Hitachi’s ₹36 interim dividend reflects strong confidence in its improved financial performance and cash reserves following a major turnaround in FY25. With revenue up nearly 44% and a shift from loss to profit, the company has demonstrated effective operational restructuring and robust market demand, especially in the cooling and HVAC segment.

Going forward, the company may focus on expanding its energy-efficient product range, enhancing localisation, and tapping into government-led infrastructure and smart city projects. The rising demand for premium air conditioning in residential and commercial sectors also offers room for margin expansion.

Investors may continue to view JCHAC as a stable dividend-yielding stock with turnaround potential, especially if it sustains profitability and capitalises on India’s growing demand for advanced cooling solutions.

About the Company

Johnson Controls-Hitachi Air Conditioning India Ltd is a listed company engaged in the manufacturing, marketing, and selling of a wide range of air conditioning products and services under the ‘Hitachi’ brand. It operates as a joint venture between Johnson Controls and Hitachi Appliances, and is headquartered in Gujarat, India. The company is listed on both NSE and BSE under the ticker ‘JCHAC’.

REF: https://nsearchives.nseindia.com/corporate/JCHAC_03072025121202_20250703BMOutcome.pdf

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