Johnson Controls-Hitachi Posts Rs 58.83 Crore Profit in FY 25
By Ankur Chandra | Updated at: May 31, 2025 10:45 PM IST
Johnson Controls-Hitachi Air Conditioning India Ltd achieved a major turnaround in its financial performance for the fiscal year ended March 31, 2025 (FY25) and reported a net profit of ₹588.3 million as against the loss of ₹757.1 million during FY24. The board has recommended a final dividend of ₹15 a share for FY25.
Key Financial Highlights (Standalone Results)
| Particulars | FY25 | FY24 | YoY % Change |
|---|---|---|---|
| Revenue from Operations | ₹27,564.6 mn | ₹19,187.0 mn | +43.7% |
| Total Income | ₹27,822.0 mn | ₹19,288.3 mn | +44.2% |
| EBITDA (excl. exceptional items) | ₹1,517.8 mn* | ₹(346.5) mn* | Turnaround |
| Profit Before Tax (PBT) | ₹822.5 mn | ₹(990.0) mn | Turnaround |
| Net Profit | ₹588.3 mn | ₹(757.1) mn | Turnaround |
| EPS (Basic/Diluted) | ₹21.6 | ₹(27.8) | – |
| Dividend Declared | ₹15.0/share | Nil | – |
*Note: EBITDA estimated from operating profit and depreciation figures.
Segment-Wise Performance
- Cooling Products for Comfort & Commercial Use:
- Revenue surged to ₹27,022.9 million from ₹18,689.8 million YoY.
- EBIT before exceptional items rose to ₹779.0 million versus a loss of ₹654.8 million in FY24.
- Revenue grew to ₹845.6 million, up from ₹783.1 million in FY24.
- EBIT stood steady at ₹100.0 million (FY24: ₹99.6 million).
Assets & Financial Position
- Total Assets: ₹17,991.7 million (↑ from ₹16,572.2 mn in FY24)
- Equity Base: ₹6,409.8 million
- Cash and Cash Equivalents: ₹1,373.7 million, almost double from ₹718.2 million in FY24
- Total Liabilities: ₹11,581.9 million, up from ₹10,742.5 million
Key Announcements
- Dividend & AGM: Final dividend of ₹15/share has been recommended. The record date is June 10, 2025, and the AGM will be held on June 25, 2025.
- Auditor Opinion: The auditors, Price Waterhouse & Co Chartered Accountants LLP, have issued an unmodified opinion on the financial statements.
- Secretarial Auditor Appointment: Auditor: M/s SPANJ & Associates were appointed as secretarial auditors for the FY26, subject to approval of shareholders.
Management Commentary
Sanjay Sudhakaran, Managing Director, said, “This turnaround is a demonstration of our strategic reorientation, agility in operations and robust market demand, specifically in cooling products category. We are well-positioned for sustainable growth with strong cash flows and a renewed dividend policy.”
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https://nsearchives.nseindia.com/corporate/JCHAC_22052025115337_20250520Results.pdf
