Results 10-Aug-22
Analysis
Ingersoll-Rand (India)
Net up 22% largely on high sales
Standalone net sales (including other operating income) of Ingersoll-Rand (India) for the quarter ended Jun 2022 has increased 40.67% to Rs 273.23 crore. Operating profit margin has declined from 18.63% to 16.12%, leading to 21.75% rise in operating profit to Rs 44.05 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 59.21% to 56.63%. Purchase of finished goods cost rose from 2.02% to 6.44%. Employee cost decreased from 11.98% to 10.12%. Other expenses rose from 9.27% to 9.97%. Other income up 32.26% to Rs 3.69 crore. PBIDT rose 22.50% to Rs 47.74 crore. Provision for interest up 42.50% to Rs 0.57 crore. PBDT rose 22.30% to Rs 47.17 crore. Provision for depreciation rose 15.71% to Rs 3.83 crore. Profit before tax grew 22.92% to Rs 43.34 crore. Provision for tax was expense of Rs 11.23 crore, compared to Rs 8.97 crore. Effective tax rate was 25.91% compared to 25.44%. Profit after tax rose 22.14% to Rs 32.11 crore.
Promoters’ stake was 75.00% as of 30 June 2022 ,compared to 75.00% as of 30 June 2021 .
Ingersoll-Rand (India) : Standalone Results
Quarter ended
Year ended
Particulars
202206
202106
Var.(%)
202203
202103
Var.(%)
Net Sales (including other operating income)
273.23
194.23
40.67
909.92
617.73
47.30
OPM (%)
16.12
18.63
-251 bps
16.70
17.92
-122 bps
OP
44.05
36.18
21.75
151.96
110.68
37.30
Other Inc.
3.69
2.79
32.26
13.05
13.05
0.00
PBIDT
47.74
38.97
22.50
165.01
123.73
33.36
Interest
0.57
0.4
42.50
2.55
1.69
50.89
PBDT
47.17
38.57
22.30
162.46
122.04
33.12
Depreciation
3.83
3.31
15.71
14.1
14.26
-1.12
PBT
43.34
35.26
22.92
148.36
107.78
37.65
PBT before EO
43.34
35.26
22.92
148.36
107.78
37.65
EO Income
0
0
-
0
0
-
PBT after EO
43.34
35.26
22.92
148.36
107.78
37.65
Taxation
11.23
8.97
25.20
38.21
35.43
7.85
PAT
32.11
26.29
22.14
110.15
72.35
52.25
P/(L) from discontinued operations net of tax
0
0
-
0
0
-
Net profit after discontinued operations
32.11
26.29
22.14
110.15
72.35
52.25
EPS (Rs)*
10.17
8.33
22.14
34.89
22.92
52.25
* EPS is on current equity of Rs 31.57 crore, Face value of Rs 10, Excluding extraordinary items.
# EPS is not annualised
bps : Basis points
EO : Extraordinary items
Figures in Rs crore
Source: Capitaline Corporate Database
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