Johnson Controls-Hitachi Air Conditioning India Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 5,476.2 million compared to INR 6,941.9 million a year ago. Revenue was INR 5,499.4 million compared to INR 6,971.6 million a year ago. Net loss was INR 10.6 million compared to net income of INR 156.8 million a year ago. Basic loss per share from continuing operations was INR 0.4 compared to basic earnings per share from continuing operations of INR 5.8 a year ago.
For the full year, sales was INR 23,844.4 million compared to INR 21,590.4 million a year ago. Revenue was INR 23,964.2 million compared to INR 21,671 million a year ago. Net loss was INR 821.4 million compared to net income of INR 161.2 million a year ago. Basic loss per share from continuing operations was INR 30.2 compared to basic earnings per share from continuing operations of INR 5.9 a year ago.