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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.

Crompton 3QFY01 net loss at Rs 371 m

Jan 22, 2001

Crompton Greaves Limited has reported a net loss of Rs 371 m in the quarter ended December 31, 2000. This loss is however, lower compared to a loss of Rs 406 m in the corresponding quarter for the previous year. Sales declined 11% to Rs 3,294 m in 3QFY01.

The engineering quarter story

Nov 6, 2000

The September ended quarter results have come and gone. After an appraisal of the performance of individual companies, it is only logical that a sector wise performance is looked into. Here, we make an attempt to appraise the quarterly performance of the engineering sector, taking 7 larger companies as a sample. Our sample universe includes Alfa Laval, ABB, Bhel, Crompton Greaves, Gabriel India, Ingersoll Rand and Wartsila NSD.

BHEL gets mauled in 1HFY01

Oct 31, 2000

India's No.1 engineering and T&D equipment supplier, Bharat Heavy Electricals Limited (BHEL), has been hit hard in the first half of FY01. The company's net profit has shrunk by over 90% to Rs 139 m in 1HFY01. The company got squeezed as a result of a 15% decline in turnover on the one hand, and and 18% decline in its other income.

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.

Improving outlook for Alfa Laval

Oct 25, 2000

Alfa Laval India has declared a 28% jump in turnover in its 3QFY01 ended September 30, 2000. However, a 29% jump in its expenditure has resulted in the profits taking a dent of 7% during the period.

Crompton 2QFY01: Skycell to the rescue

Oct 24, 2000

Crompton Greaves Limited (CGL), India`s largest private sector electrical equipment manufacturer continues to battle falling turnover. As per the company's latest quarterly results (September 30, 2000) CGL's turnover has declined 13% to Rs 3.1 bn. However, aided by a huge extraordinary income (for sale of Skycell Communications) of Rs 985 m, the company managed to put in a positive bottomline.

In troubled waters…

Oct 7, 2000

In May this year, when the commerce ministry released the monthly export figures, it surprised many. The analysis revealed that some of the major contributors to this growth are sectors such as readymade garments, electronic goods and engineering.

Making the right moves but…

Oct 7, 2000

Siemens India – a 51 percent subsidiary of German engineering behemoth Siemens AG, is on a high these days. The company was in the red only a few years back (1997 and 1998). High interest burden and lack of focus were major contributors to the decline in its fortunes.

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.

Engineering: What's stopping growth?

Sep 21, 2000

If we take a look at the operational performance of the top 10 engineering companies (by sales), all figures stating an economic revival come to a nought. The turnover of the top 10 companies actually fell in FY2000 when compared to FY99. The same is true for the net profit figures of these companies.

Other income spurs engineering bottomline

Aug 3, 2000

The quarter ended June 30, 2000 is a mixed dose for engineering companies. The collated quarterly performance of some of India's top engineering companies has shown an encouraging jump of 112% in net profits (compared to the corresponding quarter in June, 1999). But the turnover during the quarter logged in a minor decline.

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.

Ingersoll steady.

Apr 26, 2000

Ingersoll Rand India Limited is a subsidiary of Ingersoll Rand Ltd a global major in heavy engineering. It manufactures compressors, mining and construction equipment and production equipment. It also actively markets products of its parent company on a commission basis.

Siemens powering ahead

Apr 10, 2000

Siemens AG has decided to expand its presence in India by setting up a centre of excellence for handling of high voltage direct current (HVDC) projects globally.

Siemens powering ahead

Apr 10, 2000

Siemens AG has decided to expand its presence in India by setting up a centre of excellence for handling of high voltage direct current (HVDC) projects globally.

BHEL to set up a dot com venture for power.

Apr 4, 2000

Bharat Heavy Electricals Limited (BHEL) is to foray into the information technology sector by setting up a business to business portal (B2B), at a cost of Rs 500 million which will offer services in its core areas of engineering and power.


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