Sell Johnson Controls-Hitachi Air Conditioning India, target price Rs 865: Centrum Broking

Centrum Broking has sell call on Johnson Controls-Hitachi Air Conditioning India with a target price of Rs 865. The current market price of Johnson Controls-Hitachi Air Conditioning India Ltd. is Rs 1182.15.

Johnson Controls-Hitachi Air Conditioning India Ltd., incorporated in the year 1984, is a Mid Cap company (having a market cap of Rs 3213.42 Crore) operating in Consumer Durables sector.

Johnson Controls-Hitachi Air Conditioning India Ltd. key Products/Revenue Segments include Air Conditioners, Sale of services, Scrap and Export Incentives for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-12-2023, the company reported a Standalone Total Income of Rs 301.91 Crore, up 7.03 % from last quarter Total Income of Rs 282.08 Crore and down -42.09 % from last year same quarter Total Income of Rs 521.30 Crore. Company has reported net profit after tax of Rs -27.11 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 74.25 per cent stake in the company as of 31-Dec-2023, while FIIs owned 0.48 per cent, DIIs 8.9 per cent.