Ingersoll-Rand Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 08, 2023 at 03:27 am EST
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Ingersoll-Rand (India) Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 2,763.1 million compared to INR 2,539.4 million a year ago. Revenue was INR 2,827.8 million compared to INR 2,605.6 million a year ago. Net income was INR 497.1 million compared to INR 354.6 million a year ago. Basic earnings per share from continuing operations was INR 15.75 compared to INR 11.23 a year ago. Diluted earnings per share from continuing operations was INR 15.75 compared to INR 11.23 a year ago.
For the six months, sales was INR 5,808.4 million compared to INR 5,271.7 million a year ago. Revenue was INR 5,929.8 million compared to INR 5,374.8 million a year ago. Net income was INR 1,034.4 million compared to INR 675.7 million a year ago. Basic earnings per share from continuing operations was INR 32.77 compared to INR 21.4 a year ago. Diluted earnings per share from continuing operations was INR 32.77 compared to INR 21.4 a year ago.
Ingersoll-Rand (India) Limited is an India-based company that is engaged in the business of manufacturing and selling of industrial air compressors of various capacities and providing related services. The Company's air compressors range from single-stage and two-stage reciprocating, oil-free, oil-flooded, centrifugal solutions, as well as nitrogen generators and PET compressors. It also offers a range of compressed air services as well as air treatment, parts and accessories such as air filters, dryers and condensate separators. Its types of commercial air compressors include reciprocating air compressors, oil-flooded air compressors, oil-free air compressors, centrifugal air compressors and PET compressed air solutions. Its air compressor parts and accessories include air compressor dryers, air compressor filters, and air compressor controllers and automation. The Companyâs products are primarily sold to industries in the automotive, metals, pharmaceutical and textile sectors.
INGERSOLL-RAND (INDIA) LIMITED 
