Profit before tax (PBT) stood at Rs 90.31 crore in Q4 FY23, up 39.41% quarter-on-quarter and up 130.79% year-on-year.

Total expenses rose 16.90% YoY to Rs 218.43 crore in quarter ended 31 March 2023. Cost of materials consumed was at Rs 156.39 crore (up 5.84% YoY) and employee expense was Rs 27.21 crore (up 23.85%) during the quarter.

For the full year, net profit surged 65.81% to Rs 182.64 crore on 26.47% increase in net sales to Rs 1150.79 crore in FY23 over FY22.

Net cash inflow from operating activities stood at Rs 148.06 crore as on 31 March 2023, higher than Rs 80.91 crore as on 31 March 2022.

The board has recommended a dividend of Rs 20 per share for FY23.

Ingersoll-Rand (India) is primarily engaged in the business of manufacturing and selling of 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.