Ingersoll-Rand India Limited Reports Earnings Results for the Third Quarter Ended December 31, 2020
February 12, 2021 at 03:55 am EST
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Ingersoll-Rand India Limited announced earnings results for the third quarter ended December 31, 2020. For the third quarter, the company announced total revenue was INR 1,936.7 million compared to INR 2,149.2 million a year ago. Net income was INR 199.1 million compared to INR 235.9 million a year ago. Basic earnings per share from continuing operations was INR 6.31 compared to INR 7.46 a year ago. For the nine months, total revenue was INR 4,402 million compared to INR 5,915.4 million a year ago. Net income was INR 463.3 million compared to INR 653.7 million a year ago. Basic earnings per share from continuing operations was INR 14.68 compared to INR 20.71 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 
