Ingersoll-Rand Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 10, 2023 at 12:20 pm
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Ingersoll-Rand (India) Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 3,192.2 million compared to INR 2,449.9 million a year ago. Revenue was INR 3,238.5 million compared to INR 2,483.8 million a year ago. Net income was INR 479.6 million compared to INR 286 million a year ago. Basic earnings per share from continuing operations was INR 15.19 compared to INR 9.06 a year ago. Diluted earnings per share from continuing operations was INR 15.19 compared to INR 9.06 a year ago.
For the nine months, sales was INR 8,463.9 million compared to INR 6,881.4 million a year ago. Revenue was INR 8,613.3 million compared to INR 6,974.1 million a year ago. Net income was INR 1,155.3 million compared to INR 809.2 million a year ago. Basic earnings per share from continuing operations was INR 36.6 compared to INR 25.63 a year ago. Diluted earnings per share from continuing operations was INR 36.6 compared to INR 25.63 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.