Ingersoll-Rand India Q2 Results Live : Ingersoll-Rand India has declared its Q2 results on November 12, 2024, showcasing a robust performance with a topline increase of 16.57% year-on-year and a profit rise of 21.4%. These figures highlight the company’s resilience in a competitive market.
Comparing to the previous quarter, the revenue saw a modest growth of 1.37%, while profit experienced a slight decrease of 2.44%. This indicates some volatility in the company’s short-term performance despite the strong year-on-year results.
The company’s Selling, General & Administrative expenses rose by 7.15% quarter-on-quarter and increased by 12.49% year-on-year, signaling increased operational costs that may impact future profitability.
Operating income, however, showed a decline of 4.53% quarter-on-quarter, while it increased by 22.4% year-on-year. This suggests that while the company has managed to grow over a longer period, recent performance may need closer scrutiny.
Earnings Per Share (EPS) for Q2 stood at ₹19.12, reflecting a 21.4% increase year-on-year, which is a positive indicator for shareholders.
Ingersoll-Rand India has delivered a 2.55% return in the last week, but a notable -7.06% return over the last six months, highlighting some challenges in the medium term. However, the company has posted an impressive 34.7% return year-to-date.
Currently, Ingersoll-Rand India has a market capitalization of ₹13,242.3 Crores, with a 52-week high of ₹5000 and a low of ₹2881.05, indicating a strong market presence and investor interest.
Ingersoll-Rand India Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 322.1 | 317.74 | +1.37% | 276.31 | +16.57% |
| Selling/ General/ Admin Expenses Total | 32.07 | 29.93 | +7.15% | 28.51 | +12.49% |
| Depreciation/ Amortization | 4.48 | 4.52 | -0.88% | 4.59 | -2.4% |
| Total Operating Expense | 247.35 | 239.44 | +3.3% | 215.24 | +14.92% |
| Operating Income | 74.75 | 78.3 | -4.53% | 61.07 | +22.4% |
| Net Income Before Taxes | 80.95 | 83.29 | -2.81% | 66.95 | +20.91% |
| Net Income | 60.35 | 61.86 | -2.44% | 49.71 | +21.4% |
| Diluted Normalized EPS | 19.12 | 19.6 | -2.45% | 15.75 | +21.4% |
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