INGERSOLL RAND Announces Quarterly Results (1QFY20); Net Profit Down 8.0%

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INGERSOLL RAND Announces Quarterly Results (1QFY20); Net Profit Down 8.0%
Fri, 16 Aug

INGERSOLL RAND has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

INGERSOLL RAND Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m1,6301,9131,912-0.1%17.3%
Other incomeRs m1227472-3.5%-41.2%
TurnoverRs m1,7521,9871,983-0.2%13.2%
ExpensesRs m1,4031,6681,640-1.7%16.8%
Gross profitRs m22624527210.9%20.3%
DepreciationRs m28294454.2%58.1%
InterestRs m14540.5%766.7%
Profit before taxRs m3202872942.5%-7.9%
TaxRs m113119104-12.7%-7.8%
Profit after taxRs m20716819113.3%-8.0%
Gross profit margin%13.912.814.2
Effective tax rate%35.241.435.2
Net profit margin%11.88.59.6
* 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 17.3% on a year-on-year (YoY) basis. The expenses were up by 16.8% YoY during the same period.
  • The company's operating profit increased by 20.3% YoY during the quarter. Consequently, operating profit margins remained same and stood at 14.2% in 1QFY20.
  • Depreciation charges increased by 58.1% and finance costs increased by 766.7% YoY, respectively.
  • Other income declined by 41.2% YoY during the quarter.
  • Net profit for the quarter declined by 8.0% YoY. Net profit margins during the quarter declined from 11.8% in 1QFY19 to 9.6% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 0.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.7% QoQ during the same period.
  • The company's operating profit increased by 10.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.2% in 1QFY20 as against 12.8% in 4QFY19.
  • Net profit for the quarter increased by 13.3% QoQ, while net profit margins increased from 8.5% in 4QFY19 to 9.6% in 1QFY20.

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 560.3 to Rs 591.2, registering a Gain of Rs 30.9 or around 5.5%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 16,952.7 (up 0.1%). Over the last one year it has moved down from 17,750.1 to 16,952.7, a gain of 797 points (down 4.5%).

Overall, the S&P BSE SENSEX is down 1.3% over the year.

Current Valuations

At the current price of Rs 591.2, the price to earnings (P/E) ratio of INGERSOLL RAND stands at 23.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.7 times.

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INGERSOLL RAND Announces Quarterly Results (2QFY20); Net Profit Up 1.2% (Quarterly Result Update)

Nov 14, 2019 | Updated on Nov 14, 2019

For the quarter ended September 2019, INGERSOLL RAND has posted a net profit of Rs 227 m (up 1.2% YoY). Sales on the other hand came in at Rs 2 bn (down 3.4% YoY). Read on for a complete analysis of INGERSOLL RAND's quarterly results.

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For the quarter ended March 2019, INGERSOLL RAND has posted a net profit of Rs 168 m (down 36.4% YoY). Sales on the other hand came in at Rs 2 bn (up 40.4% YoY). Read on for a complete analysis of INGERSOLL RAND's quarterly results.

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