2024-10-24 11:08:41 :
Johnson Controls Hitachi Air Conditioning India’s second quarter results live broadcast: Johnson Controls Hitachi Air Conditioning India announced its second quarter results on October 23, 2024. Compared with the same period last year, revenue increased significantly by 41.45% and losses decreased by 46.72%. However, the company faced challenges, with revenue falling 60.21% month-on-month and losses expanding 183.13%.
Selling, general and administrative (SG&A) expenses increased by 3.52% month-on-month and 9.01% year-on-year, indicating that rising operating costs may affect future profitability.
Operating income declined significantly, with a year-on-year increase of 36.71%, but a sharp decline of 213.15% month-on-month. The difference highlights the volatility of financial results in recent quarters.
Second quarter earnings per share (EPS) were $-11.1, a year-on-year improvement of 37.66%, indicating that although the company is still losing money, its losses are narrowing.
In terms of stock performance, Johnson Controls Hitachi Air Conditioning India returned -6.21% over the past week, but has gained an impressive 104.95% over the past six months and 118.29% year-to-date.
The company’s current market capitalization is $6625.06 Cr, 52-week high $2620.1 and minimum $951.35, indicating that the stock price has fluctuated significantly.
As of October 24, 2024, the analyst outlook remains cautious, with one in ten analysts giving the company a “sell” rating. Consensus recommendations indicate negative sentiment about future performance.
Johnson Controls Hitachi Air Conditioning India Financial Status
period | Q2 | Q1 | month-on-month growth | Q2 | year-on-year growth |
---|---|---|---|---|---|
total revenue | 396.28 | 995.96 | -60.21% | 280.15 | +41.45% |
Total Selling/General/Administrative Expenses | 46.11 | 44.54 | +3.52% | 42.3 | +9.01% |
Depreciation/Amortization | 18.65 | 16.57 | +12.55% | 15.8 | +18.04% |
total operating expenses | 441.54 | 955.96 | -53.81% | 351.66 | +25.56% |
operating income | -45.26 | 40 | -213.15% | -71.51 | +36.71% |
net income before tax | -39.42 | 49.06 | -180.35% | -74.7 | +47.23% |
net income | -30.05 | 36.15 | -183.13% | -56.4 | +46.72% |
Diluted normalized earnings per share | -11.1 | 13.3 | -183.46% | -17.81 | +37.66% |
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