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13-Nov-2024

Ingersoll-Rand (India)

Sales up 17%, net up 21%


'Standalone net sales (including other operating income) of Ingersoll-Rand (India) for the quarter ended Sep 2024   has increased 16.57% to Rs 322.10 crore.  Operating profit margin has jumped from 23.76% to 24.60%, leading to 20.67% rise in operating profit to Rs 79.23 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 55.54% to 53.26%.   Purchase of finished goods cost rose from 1.63% to 2.02%.   Employee cost increased from 10.01% to 10.09%.   Other expenses fell from 9.76% to 9.70%.   Other income fell 3.71% to Rs 6.23 crore.  PBIDT rose 18.48% to Rs 85.46 crore.  Provision for interest fell 94.92% to Rs 0.03 crore.   PBDT rose 19.42% to Rs 85.43 crore.  Provision for depreciation down 2.40% to Rs 4.48 crore.   Profit before tax grew 20.91% to Rs 80.95 crore.  Provision for tax was expense of Rs 20.6 crore, compared...



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