Johnson Controls-Hitachi Air Conditioning India Reports Q1 Results and Announces Auditor Resignation 2 days ago
Johnson Controls Hitachi AC reported a decline in Q1 FY2025-26 financial performance with revenue down 14.4% to ₹8,526.30 crore and net profit falling 57.8% to ₹152.50 crore. The company declared an interim dividend of ₹36 per share. Price Waterhouse & Co Chartered Accountants LLP resigned as statutory auditors due to potential conflicts related to the Robert Bosch Group's prospective acquisition of the company's overseas parent.
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