Johnson Controls-Hitachi Air Conditioning India Ltd, primarily engaged in manufacturing, selling, and trading air conditioners, refrigerators, chillers, and VRS systems, reported modest revenue growth but deeper seasonal losses in Q2FY26.
Financial Highlights:
- Revenues increased 2.27% year-on-year to ₹405 crore from ₹396 crore.
- Total expenses rose 3.61% to ₹459 crore from ₹443 crore.
- Consolidated net loss widened to ₹40 crore from ₹30 crore YoY.
- Earnings per share deteriorated to -₹14.70 from -₹11.05.
Monsoon-driven demand weakness and high fixed costs (employee expenses up to 13.2% of revenues) pressured operating margins to negative 8.82%.
Outlook:
Johnson Controls-Hitachi Air Conditioning India Ltd expects Q3/Q4 recovery with summer demand, cost optimization, and market share gains to restore profitability.
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