Johnson Controls-Hitachi Air Conditioning India Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 5,182.6 million compared to INR 5,756.4 million a year ago. Revenue was INR 5,213 million compared to INR 5,768.8 million a year ago. Net loss was INR 261.6 million compared to net income of INR 206.2 million a year ago. Basic loss per share from continuing operations was INR 9.6 compared to basic earnings per share from continuing operations of INR 7.6 a year ago.
For the nine months, sales was INR 18,368.2 million compared to INR 14,648.5 million a year ago. Revenue was INR 18,464.8 million compared to INR 14,699.4 million a year ago. Net loss was INR 810.8 million compared to net income of INR 4.4 million a year ago. Basic loss per share from continuing operations was INR 29.8 compared to basic earnings per share from continuing operations of INR 0.2 a year ago.