Hitachi Home & Life Science Solutions 2QFY2012 performance highlights and results update

Hitachi Home & Life Science Solutions (HHLS) reported disappointing 2QFY2012 results. The company’s revenue declined marginally by 2.1% yoy to Rs.128cr in 2QFY2012. On the profitability front, the company reported a loss of Rs.7cr (includes forex loss of Rs.7.8cr) in 2QFY2012 as compared to a profit of Rs.5cr in 2QFY2011.