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13-Aug-2024

Ingersoll-Rand (India)

Net up 15% on higher sales and 260 bps expansion in OPM


'Standalone net sales (including other operating income) of Ingersoll-Rand (India) for the quarter ended Jun 2024 has increased 4.34% to Rs 317.74 crore.  Operating profit margin has jumped from 23.45% to 26.07%, leading to 15.98% rise in operating profit to Rs 82.82 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 55.83% to 53.88%.   Purchase of finished goods cost fell from 2.51% to 2.09%.   Employee cost decreased from 9.45% to 9.19%.   Other expenses rose from 8.74% to 9.42%.   

Other income fell 8.82% to Rs 5.17 crore.  PBIDT rose 14.15% to Rs 87.99 crore.  Provision for interest fell 55% to Rs 0.18 crore.  

PBDT rose 14.51% to Rs 87.81 crore.  Provision for depreciation rose 3.91% to Rs 4.52 crore.  

Profit before tax grew 15.15% to Rs 83.29 crore.  Provision for tax was expense of Rs 21.43 crore, compared t...



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