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Published on 14/08/2019 5:20:14 PM | Source: Dion Global Solutions Ltd

Johnson Controls-Hit Q1 net profit up 25.37% at Rs 63.60 cr

Posted in Stock Market| #Stock Market #Quarterly Result

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The company reported standalone net profit of Rs 63.60 crore for the quarter ended June 30, 2019 as compared to Rs 50.73 crore in the same period last year, registering a year-on-year growth of 25.37 per cent. Net revenue of the company rose moderately by 19.88 per cent at Rs 951.91 crore in April-June quarter of this fiscal as against Rs 794.07 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 18.52 per cent to Rs 841.22 crore from Rs 709.78 crore in year ago period.

Other Income dipped by 60.59 per cent at Rs 2.29 crore versus (Jun'18 Rs 5.81 crore). Operating Profit surged by 31.32 per cent to Rs 110.69 crore as against Rs 84.29 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 9.61 per cent in June quarter. Interest grew by 686.36 per cent y-o-y to Rs 1.73 crore, while Taxation increased by 26.83 per cent at Rs 34.93 crore (Jun'18 Rs 27.54 crore).