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INGERSOLL RAND Announces Quarterly Results (4QFY18); Net Profit Up 30.1%

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INGERSOLL RAND Announces Quarterly Results (4QFY18); Net Profit Up 30.1%
Thu, 19 Jul

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

INGERSOLL RAND Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m1,5671,7111,363-20.4%-13.0%
Other incomeRs m1121791811.4%61.8%
TurnoverRs m1,6791,8901,544-18.3%-8.0%
ExpensesRs m1,3781,4911,077-27.8%-21.8%
Gross profitRs m18922028629.9%51.1%
DepreciationRs m373029-3.3%-21.2%
InterestRs m41242310.0%473.8%
Profit before taxRs m26036841412.6%59.3%
TaxRs m569914950.2%164.7%
Profit after taxRs m204268265-1.3%30.1%
Gross profit margin%12.112.921.0
Effective tax rate%21.727.036.0
Net profit margin%12.114.217.2
* 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 fell 13.0% on a year-on-year (YoY) basis. The expenses were down by 21.8% YoY during the same period.
  • The company's operating profit increased by 51.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.0% in 4QFY18 as against 12.1% in 4QFY17.
  • Depreciation charges and finance costs declined by 21.2% YoY and 473.8% YoY, respectively.
  • Other income increased by 61.8% YoY during the quarter.
  • Net profit for the quarter increased by 30.1% YoY. Net profit margins during the quarter increased from 12.1% in 4QFY17 to 17.2% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 20.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 27.8% QoQ during the same period.
  • The company's operating profit increased by 29.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.0% in 4QFY18 as against 12.9% in 3QFY17.
  • Net profit for the quarter declined by 1.3% QoQ, while net profit margins increased from 14.2% in 3QFY17 to 17.2% in 4QFY18.

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 676.1 to Rs 515.9, registering a Loss of Rs -160.2 or around 23.7%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,332.2 (down 1.8%). Over the last one year it has moved down from 17,733.2 to 17,332.2, a gain of -401.0 points (down 2.3%).

Overall, the S&P BSE SENSEX is down 0.1% over the year.

Current Valuations

At the current price of Rs 515.9, the price to earnings (P/E) ratio of INGERSOLL RAND stands at 18.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.5 times.

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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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