Johnson Controls-Hitachi Air Condition India Reports Strong Financial Performance in Q2 FY25

Johnson Controls-Hitachi Air Condition India, a leading player in the air conditioning industry, has recently announced its financial results for the quarter ended September 2024. The company has shown a very positive performance in this quarter, with a score of 23 out of 28, which is an improvement from the previous quarter.

One of the key highlights of the financial results is the significant growth in Profit After Tax (PAT) for the half-yearly period, which has increased by 107.15% year on year. This is a clear indication of the company’s strong financial performance and its ability to generate profits. The trend for PAT is also very positive, which is a good sign for investors.

Another positive aspect of the financial results is the company’s operating cash flow, which has been consistently growing over the last three years. In the last fiscal year, the company generated the highest operating cash flow of Rs 254.39 crore, which is a testament to its strong business operations.

The net sales for the quarter have also shown a significant growth of 41.45% year on year, which is a positive sign for the company’s near-term sales trend. This growth in sales can be attributed to the company’s strong product portfolio and its ability to meet the increasing demand for air conditioners in the market.

Overall, Johnson Controls-Hitachi Air Condition India has shown a very positive financial performance in the quarter ended September 2024. With a strong focus on profitability and a growing customer base, the company is well-positioned for future growth in the air conditioning industry. Investors are advised to hold their stocks in the company, as recommended by MarketsMOJO.