Total expenditure rose 23.3% YoY to Rs 253.74 crore in Q3 FY23. Cost of raw material consumed rose 19.9% to Rs 180.03 crore while employee expenses rose 15.5% to Rs 29.35 crore.

Ingersoll-Rand (India) is engaged in manufacturing and selling industrial air compressors of various capacities and providing related services. The company sells air compressors primarily in India and also exports the products to American, Asian and European countries.