For year-to-date (YTD) results analysis

Net sales (including other operating income) of Ingersoll-Rand (India) for the half year ended Dec 2023 has increased 7.52% to Rs 910.05 crore.  Operating profit margin has jumped from 18.35% to 23.28%, leading to 36.44% rise in operating profit to Rs 211.87 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 59.94% to 55.76%.   Purchase of finished goods cost rose from 1.75% to 2.13%.   Employee cost decreased from 9.93% to 9.72%.   Other expenses fell from 9.75% to 9.32%.   Other income up 11.38% to Rs 16.64 crore.  PBIDT rose 34.24% to Rs 228.51 crore.  Provision for interest fell 33.94% to Rs 1.46 crore.  PBDT rose 35.14% to Rs 227.05 crore.  Provision for depreciation rose 12.06% to Rs 13.47 crore.  Profit before tax grew 36.92% to Rs 213.58 crore.  Provision for tax was expense of Rs 55.06 crore, compared to Rs 40.46 crore.  Effective tax rate was 25.78% compared to 25.94%. Profit after tax rose 37.21% to Rs 158.52 crore.  

Promoters’ stake was 75.00% as of 31 December 2023 ,compared to 75.00% as of 31 December 2022 .