Results     05-Nov-18
Analysis
Ingersoll Rand (India)
Strong operating performance
Related Tables
 Ingersoll-Rand (India): Results
For the quarter ended Sep 18 net sales stood at Rs 177.35 crore, up by 10% YoY. OPM stood at 17.8%, thus resulting in OP growth of 81% on YoY basis to Rs 31.53 crore. Other income was down by 61% to Rs 7.15 crore. There was an interest expense of Rs 0.07 crore as compared to interest expense of Rs 0.12 crore for Sep 17 quarter. Depreciation was lower by 11% to Rs 2.80 crore. PBT thus stood at Rs 35.81 crore, up by 10% YoY. Total tax provision stood at Rs 13.35 crore up by 26% on YoY, thus resulting in PAT of Rs 22.46 crore up by 2% on YoY basis.

Performance for the 6 months ended Sep 18

For the 6 months ended Sep18, net sales stood at Rs 340.3 crore up by 11% on YoY basis. OPM improved by 780 bps to 15.9% resulting in OP growth of 117% to Rs 54.14 crore. Other income was down by 45% to Rs 19.35 crore. Interest income stood at Rs 0.13 crore and depreciation was lower by 16% to Rs 5.59 crore. This has resulted in a PBT of Rs 67.77 crore up by 27% YoY. After providing total tax of Rs 24.60 crore up by 37% YoY, PAT for 6 months ended Sep 18 stood at Rs 43.17 crore, up by 21% YoY.

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