Results     14-Feb-18
Analysis
Ingersoll Rand (India)
Steady quarter
Related Tables
 Ingersoll-Rand (India): Results
For the quarter ended Dec 17 net sales stood at Rs 171.11 crore, up by 3% YoY. OPM stood at 12.9% up by 100 bps, thus resulting in OP growth of 12% on YoY basis to Rs 17.89 crore. Other income was up by 7% to Rs 17.86 crore. There was an interest expense of Rs 0.10 crore and Depreciation was higher by 4% to Rs 3.03 crore. PBT thus stood at Rs 36.76 crore, up by 10% YoY. Total tax provision stood at Rs 9.92 crore down by 19% on YoY, thus resulting in PAT of Rs 26.84 crore up by 27% on YoY basis.

Performance for the 9 months ended Dec 17

For the 9 months ended Dec 17, net sales stood at Rs 478.52 crore flat on YoY basis. OPM improved by 140 bps to 9.8% resulting in OP growth of 16% to Rs 46.98 crore. Other income was down by 5% to Rs 53.28 crore. Interest cost stood at Rs 0.33 crore and depreciation was higher by 20% to Rs 9.67 crore. This has resulted in a PBT of Rs 90.26 crore up by 2% YoY. After providing total tax of Rs 27.86 crore down by 12% YoY, PAT for 9 months ended Dec 17 stood at Rs 62.40 crore, up by 10% YoY.

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