JCHAC slips into red, records loss of ~Rs23cr in Q1FY21

Consolidated revenue of the company declined by ~72% yoy in Q1FY21 to ~Rs952cr

Aug 07, 2020 01:08 IST India Infoline News Service

Quarterly Results
Johnson Controls-Hitachi Air Conditioning India Limited (JCHAC) announced its quarterly results on August 7, 2020. Net revenue in Q1FY21 stood at Rs269.58cr, which   declined by -71.68% yoy from Rs951.91cr in Q1FY20.     

The company posted negative EBITDA of Rs22.12cr in Q1FY21 that decreased by 119.98% yoy. For Q1FY20, it had posted positive EBITDA of Rs110.71cr. EBITDA margin as of Q1FY21 was at negative 8.21% that declined by 19.84% yoy against the same quarter, the previous year.
 

The consolidated net loss in Q1FY21 came in at Rs23.13cr that declined by 136.37% yoy, as compared to Q1FY20, when it reported profit of  Rs63.6cr. The net profit margin in Q1FY21 came in at  negative 8.58% that declined by 15.26% yoy. The net profit margin for Q1FY20 was at  6.68%.     

At around 1:27 pm, the share is trading at Rs2,038 with gains of 0.29% on BSE.

Particulars Q1FY21
(Rs in cr)
Q1FY20
(Rs in cr)
% VAR
Net Revenue 269.58 951.91 -71.68
Operating Profit/(Loss) (22.12) 110.71 -119.98
Net Profit/(Loss) (23.13) 63.60 -136.37
EBITDAM% -8.21 11.63 -19.84
PATM% -8.58 6.68 -15.26

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