Ingersoll-Rand India Q2 Results Live: Profit Rises by 21.4% YOY

Ingersoll-Rand India Q2 Results Live : Ingersoll-Rand India has declared its Q2 results on November 12, 2024, showcasing a robust performance with a topline increase of 16.57% year-on-year and a profit rise of 21.4%. These figures highlight the company's resilience in a competitive market.

Comparing to the previous quarter, the revenue saw a modest growth of 1.37%, while profit experienced a slight decrease of 2.44%. This indicates some volatility in the company's short-term performance despite the strong year-on-year results.

The company's Selling, General & Administrative expenses rose by 7.15% quarter-on-quarter and increased by 12.49% year-on-year, signaling increased operational costs that may impact future profitability.

Operating income, however, showed a decline of 4.53% quarter-on-quarter, while it increased by 22.4% year-on-year. This suggests that while the company has managed to grow over a longer period, recent performance may need closer scrutiny.

Earnings Per Share (EPS) for Q2 stood at ₹19.12, reflecting a 21.4% increase year-on-year, which is a positive indicator for shareholders.

Ingersoll-Rand India has delivered a 2.55% return in the last week, but a notable -7.06% return over the last six months, highlighting some challenges in the medium term. However, the company has posted an impressive 34.7% return year-to-date.

Currently, Ingersoll-Rand India has a market capitalization of ₹13,242.3 Crores, with a 52-week high of ₹5000 and a low of ₹2881.05, indicating a strong market presence and investor interest.