Nine month performance
Net sales (including other operating income) of Ingersoll-Rand (India) has increased 23% to Rs 846.39 crore. Operating profit margin has jumped from 16.20% to 18.35%, leading to 39.28% rise in operating profit to Rs 155.28 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 61.02% to 59.94%. Purchase of finished goods cost fell from 1.79% to 1.75%. Employee cost decreased from 11.70% to 9.93%. Other expenses rose from 9.57% to 9.75%. Other income up 61.17% to Rs 14.94 crore. PBIDT rose 40.96% to Rs 170.22 crore. Provision for interest up 90.52% to Rs 2.21 crore. PBDT rose 40.48% to Rs 168.01 crore. Provision for depreciation rose 15.91% to Rs 12.02 crore. Profit before tax grew 42.81% to Rs 155.99 crore. Provision for tax was expense of Rs 40.46 crore, compared to Rs 28.31 crore. Effective tax rate was 25.94% compared to 25.92%. Profit after tax rose 42.77% to Rs 115.53 crore.
Promoters’ stake was 75.00% as of 31 December 2022 ,compared to 75.00% as of 31 December 2021 .