Ingersoll-Rand India Q1 Results Revenue Up 4.64% QoQ and 4.34% YoY

Ingersoll-Rand India Growth Comparison

Ingersoll-Rand India Q1 Results: In the first quarter of the fiscal year, Ingersoll-Rand India reported its financial performance with a mix of changes compared to the previous quarter and the same quarter last year. Their total revenue was ₹317.74 crores, which is a 4.64% increase from the previous quarter and a 4.34% rise from the same period last year.

Ingersoll-Rand India's revenue grew steadily. However, their operating income, which is the money they make from their core business activities, fell by 9.12% from the last quarter but increased by 16.76% compared to the same quarter last year. This decline from the previous quarter is notable, but the yearly growth is positive.

Ingersoll-Rand India’s total operating expenses went up by 9.72% from the last quarter and just 0.83% compared to the same quarter last year. This increase in expenses was mainly due to higher other operating costs. Net income, or the profit after all expenses, fell by 7.74% from the last quarter but increased by 15.13% year-over-year. 

Ingersoll-Rand India’s diluted normalized earnings per share (EPS), which reflects the company’s profit per share, decreased by 7.77% from the last quarter but rose by 15.16% from the previous year. Overall, Ingersoll-Rand India showed growth compared to last year but faced some challenges in the recent quarter.

Here are the Q1 results for Ingersoll-Rand India, with comparisons to previous periods:

Source: Here 

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Ingersoll-Rand India Q1 Results

In the quarter ending June 30, 2024, Ingersoll-Rand India earned a total income of ₹32,291 lakhs. This was a bit higher compared to the previous quarter (₹31,451 lakhs) and the same quarter last year (₹31,020 lakhs). The company’s main revenue came from operations, totaling ₹31,774 lakhs, and they also earned ₹517 lakhs from other sources.

Ingersoll-Rand India’s total expenses for this quarter were ₹23,962 lakhs. This includes costs like materials (₹17,548 lakhs), employee salaries (₹2,993 lakhs), and other expenses (₹3,067 lakhs). These costs were slightly higher than the previous quarter but similar to the same quarter last year.

Ingersoll-Rand India’s After subtracting expenses from income, the company’s profit before tax was ₹8,329 lakhs. They paid ₹2,143 lakhs in taxes, resulting in a net profit of ₹6,186 lakhs for the quarter.

Ingersoll-Rand India had a small gain of ₹23 lakhs from other comprehensive income, bringing their total comprehensive income to ₹6,209 lakhs. The company’s earnings per share were ₹19.60, the same as the previous quarter.

Here's a simplified summary of the financial results:

(Rupees in Lakhs, except per equity share data)

Ingersoll-Rand India Stock Metrics

The table shows key financial information for Ingersoll-Rand India. The Market Cap is ₹13,323 Crore, which means the total value of all its shares is this amount. The Current Price of one share is ₹4,220. The share has reached a High of ₹5,000 and a Low of ₹2,760. The Stock P/E ratio is 57.8, indicating how much investors are willing to pay for each rupee of earnings. 

Here's the financial information for Venkys India in a simple table format:

Quarterly Results 

Here is the table with data for Dec 2023, Mar 2024, and Jun 2024:

(Rs. Crores)

About Ingersoll-Rand India 

Ingersoll-Rand India is a branch of the global company Ingersoll-Rand, which specializes in providing various industrial solutions. Ingersoll-Rand is known for its innovative products and services that help improve efficiency in different sectors. In India, the company focuses on offering advanced technology in areas like air compression, industrial refrigeration, and cooling systems.

Ingersoll-Rand India operates with a commitment to delivering high-quality solutions that meet the needs of local businesses. They offer a range of products, including air compressors, pumps, and vacuum systems, designed to enhance operational efficiency and productivity. The company also provides support services, including maintenance and repairs, to ensure their equipment runs smoothly and reliably.

Ingersoll-Rand India values innovation and customer satisfaction, aiming to build long-term relationships with its clients. Ingersoll-Rand India is dedicated to contributing to India's industrial growth by providing cutting-edge technologies and expert support. They emphasize sustainable practices and strive to make a positive impact on both their customers and the environment. Overall, Ingersoll-Rand India is committed to helping businesses in India operate more efficiently and effectively.