Johnson Controls-Hitachi Air Conditioning India Limited reported its financial results for the quarter ending December 31, 2024 (Q3 FY25), showcasing significant revenue growth and a narrowing of its net loss. The company’s performance reflects improved operational efficiency and demand recovery in key segments.
The company’s revenue from operations for Q3 FY25 stood at Rs 431.65 crore, registering a significant increase of 44.13% compared to Rs 299.56 crore in Q3 FY24. This growth can be attributed to higher demand for air conditioning products and strategic market expansion.
Despite the strong revenue growth, the company reported a net loss of Rs 3.341 crore in Q3 FY25, an improvement compared to a net loss of Rs 27.11 crore in Q3 FY24. This narrowing of losses highlights the company’s improved cost management and operational optimization.
The company’s total expenses for the quarter stood at Rs 439.27 crore, compared to Rs 324.23 crore in Q3 FY24. Cost of materials consumed rose significantly to Rs 487.27 crore, reflecting increased production to meet higher demand. Employee benefit expenses increased to Rs 50.41 crore, while finance costs remained stable at Rs 1.29 crore.
Profit before tax for the quarter recorded a loss of Rs 36.8 crore, an improvement from a pre-tax loss of Rs 352.7 crore in Q3 FY24. Tax expenses for the quarter were marginal, reflecting ongoing operational adjustments.
Key Highlights:
- Revenue from operations: Rs 431.65 crore, up 44.13% YoY
- Net Loss: Rs 3.34 crore, compared to Rs 27.11 crore in Q3 FY24
- Total expenses: Rs 439.27 crore, compared to Rs 324.23 crore in the year-ago period
Johnson Controls-Hitachi’s strong revenue growth and narrowing losses signal an improving financial trajectory, supported by strategic initiatives and market demand recovery.
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