Results 15-Aug-21
Analysis
Ingersoll-Rand (India)
Net up 224% led by strong operating show
Standalone net sales (including other operating income) of Ingersoll-Rand (India) for the quarter ended June 2021 has increased 111% to Rs 194.23 crore. Operating profit margin has jumped from 12.9% to 18.6%, leading to 206% rise in operating profit to Rs 36.18 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 52.83% to 59.21%. Purchase of finished goods cost fell from 3.34% to 2.02%. Employee cost decreased from 17.30% to 11.98%. Other expenses fell from 13.37% to 9.27%. Other income fell 17% to Rs 2.79 crore. PBIDT rose 157% to Rs 38.97 crore. Provision for interest up 43% to Rs 0.4 crore. PBDT rose 159% to Rs 38.57 crore. Provision for depreciation down 9% to Rs 3.31 crore. Profit before tax grew 213% to Rs 35.26 crore. Provision for tax was expense of Rs 8.97 crore, compared to Rs 3.16 crore. Effective tax rate was 25.44% compared to 28.01%. Profit after tax rose 224% to Rs 26.29 crore. Promoters’ stake was 75.00% as of 30 June 2021 ,compared to 74.00% as of 30 June 2020 .
Ingersoll-Rand India: Standalone Results
2106 (3)
2006 (3)
Var. (%)
2103 (12)
2003 (12)
Var. (%)
Sales
194.23
91.85
111
617.73
705.62
-12
OPM (%)
18.6
12.9
17.9
14.0
OP
36.18
11.81
206
110.68
98.76
12
Other inc.
2.79
3.38
-17
13.05
36.13
-64
PBIDT
38.97
15.19
157
123.73
134.89
-8
Interest
0.40
0.28
43
1.69
2.60
-35
PBDT
38.57
14.91
159
122.04
132.29
-8
Dep.
3.31
3.63
-9
14.26
18.26
-22
PBT
35.26
11.28
213
107.78
114.03
-5
EO
0.00
0.00
0.00
0.00
PBT after EO
35.26
11.28
213
107.78
114.03
-5
Taxation
8.97
3.16
184
28.08
30.54
-8
PAT
26.29
8.12
224
79.70
83.49
-5
PPT/EO (net of tax)
0.00
0.00
7.35
-1.10
-768
Net Profit
26.29
8.12
224
72.35
84.59
-14
EPS (Rs)*
#
#
25.2
26.4
* EPS is on current equity of Rs 31.57 crore, Face value of Rs 10
# EPS is not annualised due to seasonality of business
Figures in Rs crore
Source: Capitaline Corporate Database
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