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Ingersoll Rand posts 11% decline in top line - Views on News from Equitymaster
 
 
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  • Oct 15, 1999

    Ingersoll Rand posts 11% decline in top line

    Ingersoll Rand's product portfolio includes compressors, mining and construction equipment and production equipment. The company also acts as an agent of its parent company, and earns commission for the products marketed by the parent company in India.

    The company's bottomline growth has been suppressed despite the measures initiated by the company to control costs. With the economic recovery gaining pace, the company should be able to post an improved bottomline as demand for its products increases.

    (Rs m) 2QFY2000 2QFY1999 Change
    Net Sales 769 862 -10.8%
    Other Income 35 48 -27.8%
    Expenditure 637 733 -13.1%
    Interest 0 2 -83.3%
    Depreciation 16 16 5.1%
    Profit before Tax 150 159 -5.8%
    Tax 39 47 -17.0%
    Profit after Tax 111 112 -1.1%
    Net profit margins 14.4% 13.0%  

     

     

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