Ingersoll-Rand (India) jumped 9.69% to Rs 2170 after the company's net profit rose 67.7% to Rs 47.96 crore on 30.3% increase in revenue from operations to Rs 319.22 crore in Q3 December 2022 over Q3 December 2021.
Profit before tax (PBT) rose 67.9% YoY to Rs 64.78 crore in Q3 FY23.Total expenditure rose 23.3% YoY to Rs 253.74 crore in Q3 FY23. Cost of raw material consumed rose 19.9% to Rs 180.03 crore while employee expenses rose 15.5% to Rs 29.35 crore.
Ingersoll-Rand (India) is engaged in manufacturing and selling industrial air compressors of various capacities and providing related services. The company sells air compressors primarily in India and also exports the products to American, Asian and European countries.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve hit your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Quarterly Starter
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app