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INGERSOLL RAND Announces Quarterly Results (2QFY19); Net Profit Up 2.0%

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INGERSOLL RAND Announces Quarterly Results (2QFY19); Net Profit Up 2.0%
Mon, 12 Nov

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

INGERSOLL RAND Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m1,6111,6301,7748.8%10.1%
Other incomeRs m18512272-41.4%-61.3%
TurnoverRs m1,7961,7521,8455.3%2.7%
ExpensesRs m1,4371,4031,4583.9%1.5%
Gross profitRs m17522631539.5%80.6%
DepreciationRs m3128280.4%-10.8%
InterestRs m11116.7%-41.7%
Profit before taxRs m32732035812.0%9.6%
TaxRs m10611313418.7%25.6%
Profit after taxRs m2202072258.5%2.0%
Gross profit margin%10.813.917.8
Effective tax rate%32.535.237.3
Net profit margin%12.311.812.2
* 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 10.1% on a year-on-year (YoY) basis. The expenses were up by 1.5% YoY during the same period.
  • The company's operating profit increased by 80.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.8% in 2QFY19 as against 10.8% in 2QFY18.
  • Depreciation charges declined by 10.8% and finance costs declined by 41.7% YoY, respectively.
  • Other income declined by 61.3% YoY during the quarter.
  • Net profit for the quarter increased by 2.0% YoY. Net profit margins during the quarter declined from 12.3% in 2QFY18 to 12.2% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 8.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 3.9% QoQ during the same period.
  • The company's operating profit increased by 39.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.8% in 2QFY19 as against 13.9% in 1QFY18.
  • Net profit for the quarter increased by 8.5% QoQ, while net profit margins increased from 11.8% in 1QFY18 to 12.2% in 2QFY19.

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 605.3 to Rs 563.6, registering a Loss of Rs 41.7 or around 6.9%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,281.2 (up 0.2%). Over the last one year it has moved down from 18,736.1 to 18,281.2, a gain of 455 points (down 2.4%).

Overall, the S&P BSE SENSEX is up 5.8% over the year.

Current Valuations

At the current price of Rs 563.6, the price to earnings (P/E) ratio of INGERSOLL RAND stands at 18.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.6 times.

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