Ingersoll-Rand (India) Ltd's Q2FY17 standalone net profit rises 19.39% yoy to Rs.19.95 crore

India Infoline Research Team | November 21, 2016 17:38 IST

Ingersoll-Rand (India) Ltd Q2FY17

Standalone Results Q2FY17: (Rs. in crore)

Q2FY17 YoY (%)
Revenue 181.56 [5.7]
EDITDA 15.16 [7.0]
EBITDA Margin (%) 8.4 [11]
Net Profit (adjusted) 19.95 19.4
***EBITDA margin change is bps

Ingersoll-Rand India’ Q2FY17 standalone net revenue for the quarter fell 5.7% yoy to Rs 181.6 cr. This was primarily the impact of discontinuation of Environment Solutions segment.

EBITDA for the period declined 7% yoy to Rs 15.2 cr with a 11 bps contraction in EBITDA margin to 8.3%. The major driver for this EBITDA margin contraction was the 10% yoy increase in employee benefit costs.

However, reported net profit for the quarter rose by 19.4% yoy to Rs 20 cr due to a 43% yoy surge in other income.

Technical View:

Ingersoll-Rand (India) Ltd is currently trading at Rs. 672, down by 14.7 points or 2.14% from its previous closing of Rs. 686.7 on the BSE.
The scrip opened at Rs. 691.65 and has touched a high and low of Rs. 694.4 and Rs. 666.1 respectively. So far 3292(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 100 DMA.

BSE 820.00 18.20 (2.27%)
NSE 816.40 13.25 (1.65%)

***Note: This is a NSE Chart



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