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Ingersoll: Troubled times

Feb 7, 2001

Ingersoll Rand India Limited (Ingersoll) is at the crossroads today. The company is one of India’s leading engineering companies. Its product portfolio includes compressors (centrifugal, reciprocating, screw etc.), mining and construction equipment (blasthole drills, compactors etc) and production equipment (pumps). Besides manufacturing, the company also acts as an agent of its parent company and earns commission for the products marketed by the parent company in India.

Ingersoll: 2QFY01 is a dampner

Oct 25, 2000

Ingersoll Rand has recorded a 28% decline in its bottomline in 2QFY01. This is on the back of a marginal 1% decline in its turnover during same period. Even a 65% surge in other income and a whopping 92% decline in tax provisions could not save its bottomline from taking this hit.

Ingersoll: Tough times ahead

Oct 3, 2000

Ingersoll Rand's (IRL) is one of India’s leading engineering companies. IRL’s product portfolio includes compressors (centrifugal, reciprocating, screw etc.), mining and construction equipment (blasthole drills, compactors etc) and production equipment (pumps). Besides manufacturing, the company also acts as an agent of its parent company and earns commission for the products marketed by the parent company in India. Its commission income has also shown a significant rise over the last 8 years.

Cummins India 1Q: forex earnings led margin growth

Jul 27, 2000

Cummins India - one of India's major diesel engines producer has recorded a 17% growth in its net profit in 1QFY2001 compared to the correponding quarter in the previous year. The company's turnover improved by almost 10% to Rs 1,957 m during the same period.

Grindwell Norton: Other income adds to bottomline in 1Q

Jul 27, 2000

Grindwell Norton Ltd., has declared staid results in the first quarter of FY2001. The company has recorded a 27% growth in net profit, but this growth is largely on account of a 37% jump in other income. The company's turnover has increased by a marginal 4% compared to 1QFY2000.

Ingersoll Rand 1Q: Gas compressors selloff hits turnover

Jul 27, 2000

On the face of it, Ingersoll Rand (India) Ltd. has declared dismal results in 1QFY2001. The company's turnover has declined by a significant 41% compared to the corresponding quarter in FY2000 (i.e. 1QFY00).

Sandvik improves y-o-y, disappoints q-o-q

Jul 14, 2000

Sandvik Asia is one of India's leading manufacturer of tungsten carbide products. The company has declared impressive results in its second quarter ended June 30, 2000. Its net profit has shot up by 187% to Rs 28 m during the quarter compared to 2QFY99. Its topline has also improved by 27% to Rs 501 m.

Atlas Copco, Ingersoll Rand: Who's better?

Jul 3, 2000

Consider this: both Ingersoll Rand and Atlas Copco are among India's leading compressor and mining and construction equipment companies.

Wartsila profits decline during the first quarter.

Apr 14, 2000

The company's order book position shows orders of Rs 1415 million.

Kirloskar Elec. records loss of Rs 142 m

Feb 10, 2000

Kirloskar Electric has registered loss of Rs 141.7 m compared to a loss of Rs 40.8 m last year. The company's sales have slumped 17.6% to Rs 826.0 m.

Wellwin posts 70% jump in net

Jan 29, 2000

Wellwin Industry has posted a 70% jump in profits during the quarter ended 31st December 1999. The company has benefited from a sharp rise in turnover, other income and a decline in interest expenditure. The margins however contracted to 14.6% due to a deterioration in operating profits.

NRB Bearings posts 24% jump in sales

Jan 29, 2000

NRB Bearings has posted a 24% rise in sales during the quarter ended 31st December 1999. The company has benefited from improved operating margins even as interest expenditure reduced during the quarter. The company was thus able to post a significant rose ein margins to 10.1%.

KEC International posts sharp decline in net

Jan 29, 2000

KEC International has posted a 94% decline in net profits during the quarter ended 31st December 1999. The company has suffered from a deterioration in operating margins. Further more the sharp jump in interest expenditure has exerted a downward pressure on the bottomline.

Cummins net vaults 43.5%

Jan 29, 2000

Cummins has witnessed a 43.5% appreciation in net profit to Rs 201.9 m. Sales has grown 41.1% to Rs 2.1 bn.

Margins under pressure at Carbon Everflow

Jan 29, 2000

Despite a 31.6% growth in the topline of Carbon Everflow both topline as well as bottmline are under pressure. This indicates a tough market yet for its products.

Asian Electronics Ltd net up by 94%

Jan 28, 2000

Asian Electronics Ltd net up by 94% to Rs 22.1 m for the 3QFY2000. Inspite of net sales going down by 13.3% for the 3QFY2000, net profit went up due to fall in operating expenditure and growth in other income. However decline in net sales is a point of concern.

Disappointing results from Hitech Drilling

Jan 28, 2000

Hi–Tech Drilling has reported disappoiting results with a 43.6% reduction in the topline accompanied by a 75% decline in the bottomline. The company had only two drilling rigs in operations as against three in the last quarter. Even of the two rigs the contract for one expired on October 22nd, 1999. This is expected to restart in January.

Kirloskar Oil net slumps 46.3%

Jan 25, 2000

Kirloskar Oil Engines has posted 46.3% decline in net profit to Rs 25.1 m in 3QFY2000. Sales improved marginally by 0.1%. The company's net profit margin has taken a hit declining to 14.2% (26.5% in previous year).

Bharat Electronics reports a sharp jump in profits

Jan 24, 2000

Bharat Electronics net is up 427.5% due to higher operating income, and lower interest expenses. It net margins have jumped from 1.7% to 6%.

Ingersoll Rand hives off Gas compressor business

Jan 10, 2000

Ingersoll Rand is selling its gas compressor business to Dresser Rand India for Rs 650 m. The company has decided to exit from its business as it feels that the current technology available to its will not be enough to cater to the demand arising in the future.


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