Ingersoll-Rand Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 10, 2023 at 07:20 am EST
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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, which is engaged in the business of manufacturing and selling of industrial air compressors of various capacities and providing related services. The Company operates through a single segment, which is Air Solutions. The Company sells air compressors primarily in India and also exports the products to American, Asian and European countries. Its products are primarily sold to industries in the automotive, metals, pharmaceutical and textile sectors. Its brands include NASH, CompAir, Ingersoll Rand, Gardner Denver, ARO, THOMAS, MILTON ROY, EMCO WHEATON, BroomWade, BuTech, Deltech, Haskel, Jemaco, Reavell, ROOTS, TODO, TRICONTINENT, and ZINSSER ANALYTIC.