INGERSOLL RAND Announces Quarterly Results (3QFY19); Net Profit Down 22.0%

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INGERSOLL RAND Announces Quarterly Results (3QFY19); Net Profit Down 22.0%
Fri, 15 Feb

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

INGERSOLL RAND Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m1,7111,7742,07517.0%21.2%
Other incomeRs m17972720.0%-60.0%
TurnoverRs m1,8901,8452,14616.3%13.6%
ExpensesRs m1,4911,4581,80723.9%21.2%
Gross profitRs m220315267-15.2%21.3%
DepreciationRs m3028294.3%-3.6%
InterestRs m110-114.3%-110.0%
Profit before taxRs m368358310-13.5%-15.8%
TaxRs m99134100-24.8%1.2%
Profit after taxRs m268225209-6.8%-22.0%
Gross profit margin%12.917.812.9
Effective tax rate%27.037.332.4
Net profit margin%14.212.29.8
* 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 21.2% on a year-on-year (YoY) basis. The expenses were up by 21.2% YoY during the same period.
  • The company's operating profit increased by 21.3% YoY during the quarter. Consequently, operating profit margins remained same and stood at 12.9% in 3QFY19.
  • Depreciation charges declined by 3.6% and finance costs declined by 110.0% YoY, respectively.
  • Other income declined by 60.0% YoY during the quarter.
  • Net profit for the quarter declined by 22.0% YoY. Net profit margins during the quarter declined from 14.2% in 3QFY18 to 9.8% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 17.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 23.9% QoQ during the same period.
  • The company's operating profit declined by 15.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.9% in 3QFY19 as against 17.8% in 2QFY18.
  • Net profit for the quarter declined by 6.8% QoQ, while net profit margins declined from 12.2% in 2QFY18 to 9.8% in 3QFY19.

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 578.0 to Rs 521.3, registering a Loss of Rs 56.8 or around 9.8%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 16,355.5 (up 0.1%). Over the last one year it has moved down from 19,459.0 to 16,355.5, a gain of 3,104 points (down 15.9%).

Overall, the S&P BSE SENSEX is up 4.5% over the year.

Current Valuations

At the current price of Rs 521.3, the price to earnings (P/E) ratio of INGERSOLL RAND stands at 18.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.5 times.

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