Johnson Controls – Hitachi Air Conditioning India : Q1 2024 Financial Quarterly Report : YoY Sales Up 75.6 %, QoQ Up 29.04 %

The comprehensive analytics outlining the performance and outlook of Johnson Controls – Hitachi Air Conditioning India Limited”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Today, we’re looking at Johnson Controls – Hitachi Air Conditioning India Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 75.6 %. However, it did see a marginal increase of 29.04 % from the previous quarter. Expenses ticked up slightly by 36.06 % quarter-on-quarter, aligning with the annual rise of 55.74 %. Operating profit, while up 257.23 % compared to last year, faced a quarter-on-quarter dip of -30.5 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 12.02 %, but a shrinkage of -4.87 % sequentially. Other income rose by 771.9 % compared to the last quarter, despite an annual growth of 267.6 %. Interest expenses dropped significantly by -22.8 % from the previous quarter, yet the year-over-year decrease remains at a moderate -67.54 %. Depreciation costs climbed by 6.08 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 1.04 %. Profit before tax grew annually by 190.68 % but saw a reduction from the preceding quarter by -24.59 %.
Tax expenses as a percentage of profits increased slightly by 50.49 % compared to last year, with a more notable quarter-on-quarter increase of 1.33 %. Net profit rose by 188.13 % year-on-year but witnessed a -25.94 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 188.08 % but a quarterly fall of -26.11 %. In summary, Johnson Controls – Hitachi Air Conditioning India Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Johnson Controls – Hitachi Air Conditioning India Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 75.6 % year-on-year growth, however, there was a minor increase of 29.04 % from the previous quarter. Expenses rose by 55.74 % compared to the previous year, with a 36.06 % increase quarter-on-quarter. Operating Profit surged by 257.23 % annually, and saw a -30.5 % decrease from the last quarter.
Net Profit showed yearly increase of 188.13 %, and experienced a -25.94 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 188.08 % annually, however dipped by -26.11 % compared to the last quarter. In essence, while Johnson Controls – Hitachi Air Conditioning India Limited exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.