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INGERSOLL RAND Announces Quarterly Results (1QFY19); Net Profit Up 53.1%

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INGERSOLL RAND Announces Quarterly Results (1QFY19); Net Profit Up 53.1%
Mon, 13 Aug

INGERSOLL RAND has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

INGERSOLL RAND Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m1,6011,3631,63019.6%1.8%
Other incomeRs m136181122-32.6%-10.0%
TurnoverRs m1,7371,5441,75213.4%0.9%
ExpensesRs m1,4921,0771,40330.3%-6.0%
Gross profitRs m109286226-21.0%107.6%
DepreciationRs m352928-4.8%-20.3%
InterestRs m1241-97.5%-45.5%
Profit before taxRs m208414320-22.8%53.4%
TaxRs m73149113-24.5%53.9%
Profit after taxRs m135265207-21.8%53.1%
Gross profit margin%6.821.013.9
Effective tax rate%35.136.035.2
Net profit margin%7.817.211.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 1.8% on a year-on-year (YoY) basis. The expenses were down by 6.0% YoY during the same period.
  • The company's operating profit increased by 107.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.9% in 1QFY19 as against 6.8% in 1QFY18.
  • Depreciation charges and finance costs declined by 20.3% YoY and 45.5% YoY, respectively.
  • Other income declined by 10.0% YoY during the quarter.
  • Net profit for the quarter increased by 53.1% YoY. Net profit margins during the quarter increased from 7.8% in 1QFY18 to 11.8% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 19.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 30.3% QoQ during the same period.
  • The company's operating profit declined by 21.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.9% in 1QFY19 as against 21.0% in 4QFY18.
  • Net profit for the quarter declined by 21.8% QoQ, while net profit margins declined from 17.2% in 4QFY18 to 11.8% in 1QFY19.

To see how INGERSOLL RAND has performed over the last eight quarters, please visit here.

INGERSOLL RAND Share Price Performance

Over the last one year, INGERSOLL RAND share price has moved up from Rs 599.3 to Rs 551.0, registering a Loss of Rs 48.3 or around 8.1%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,058.7 (down 0.2%). Over the last one year it has moved up from 16,927.4 to 18,058.7, a gain of 1,131 points (up 6.7%).

Overall, the S&P BSE SENSEX is up 19.5% over the year.

Current Valuations

At the current price of Rs 551.0, the price to earnings (P/E) ratio of INGERSOLL RAND stands at 18.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.5 times.

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