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Highlights
- Sales over the Year and quarter: The company’s sales declined by -0.25 % over the year, decrease in net sales/revenue by -7.77 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 150.46 %. Marginal increase in other income during this quarter, up by 141.56%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Ingersoll-Rand (India) Ltd.. Profit dropped by -4.83 % Year to Year, Ingersoll-Rand (India) Ltd.’s profitability increased by 15.96 % in this quarter.
- EPS over the Year and quarter: EPS declined by -4.84 % Year to Year. EPS increased by 15.93 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 304.4 Cr | Rs. 329.21 Cr | Rs. 303.64 Cr | -7.77 % | -0.25 % |
| Expenses | Rs. 213.92 Cr | Rs. 254.41 Cr | Rs. 225.17 Cr | -11.49 % | + 5.26 % |
| Operating Profit | Rs. 90.48 Cr | Rs. 74.8 Cr | Rs. 78.47 Cr | + 4.91 % | -13.27 % |
| OPM % | 29.72 % | 22.72 % | 25.84 % | + 3.12 % | -3.88 % |
| Other Income | Rs. 4.34 Cr | Rs. 4.5 Cr | Rs. 10.87 Cr | + 141.56 % | + 150.46 % |
| Interest | Rs. 0.2 Cr | Rs. 0.47 Cr | Rs. 0.61 Cr | + 29.79 % | + 205 % |
| Depreciation | Rs. 4.31 Cr | Rs. 4.53 Cr | Rs. 4.27 Cr | -5.74 % | -0.93 % |
| Profit before tax | Rs. 90.31 Cr | Rs. 74.3 Cr | Rs. 84.46 Cr | + 13.67 % | -6.48 % |
| Tax % | 25.69 % | 25.87 % | 24.38 % | -1.49 % | -1.31 % |
| Net Profit | Rs. 67.11 Cr | Rs. 55.08 Cr | Rs. 63.87 Cr | + 15.96 % | -4.83 % |
| EPS in Rs | Rs. 21.26 | Rs. 17.45 | Rs. 20.23 | + 15.93 % | -4.84 % |
Today, we’re looking at Ingersoll-Rand (India) Ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -0.25 %. However, it did see a marginal slip of -7.77 % from the previous quarter. Expenses decreased slightly by -11.49 % quarter-on-quarter, aligning with the annual rise of 5.26 %. Operating profit, while down -13.27 % compared to last year, faced a quarter-on-quarter increase of 4.91 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -3.88 %, but an expansion of 3.12 % sequentially. Other income rose by 141.56 % compared to the last quarter, despite an annual growth of 150.46 %. Interest expenses surged remarkably by 29.79 % from the previous quarter, yet the year-over-year increase remains at a moderate 205 %. Depreciation costs fell by -5.74 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -0.93 %. Profit before tax declined annually by -6.48 % but saw an increase from the preceding quarter by 13.67 %.
Tax expenses as a percentage of profits decreased slightly by -1.31 % compared to last year, with a more notable quarter-on-quarter decrease of -1.49 %. Net profit fell by -4.83 % year-on-year but experienced a 15.96 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -4.84 % but a quarterly rise of 15.93 %. In summary, Ingersoll-Rand (India) Ltd.’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 304.4 Cr | Rs. 329.21 Cr | Rs. 303.64 Cr | -7.77 % | -0.25 % |
| Expenses | Rs. 213.92 Cr | Rs. 254.41 Cr | Rs. 225.17 Cr | -11.49 % | + 5.26 % |
| Operating Profit | Rs. 90.48 Cr | Rs. 74.8 Cr | Rs. 78.47 Cr | + 4.91 % | -13.27 % |
| Net Profit | Rs. 67.11 Cr | Rs. 55.08 Cr | Rs. 63.87 Cr | + 15.96 % | -4.83 % |
| EPS in Rs | Rs. 21.26 | Rs. 17.45 | Rs. 20.23 | + 15.93 % | -4.84 % |
In reviewing Ingersoll-Rand (India) Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -0.25 % year-on-year, although there was a slight dip of -7.77 % from the previous quarter. Expenses rose by 5.26 % compared to the previous year, with a decrease of -11.49 % quarter-on-quarter. Operating Profit dropped by -13.27 % annually, and saw a 4.91 % increase from the last quarter.
Net Profit showed yearly decrease of -4.83 %, and experienced a 15.96 % increase from the previous quarter. Earnings Per Share (EPS) fell by -4.84 % annually, however rose by 15.93 % compared to the last quarter. In essence, while Ingersoll-Rand (India) Ltd. faces strong annual decline indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
