Q4FY17: Ingersoll Rand India Ltd

Ingersol Rand Ltd. reported its results for the quarter ended March 31, 2017 today.

The company's total sales for Q4FY17 came in at Rs 142.38 crore, which represents a 14.34 per cent sequential decline and 1.03 per cent YoY increase.

Its operating profit (EBIT) for the quarter amounted to Rs 10.7 crore and its EBIT margin stood at 7.52 per cent.

The company reported PAT of Rs 20.35 crore, which represents a sequential QoQ decline of 4.01 per cent and a YoY increase of 31.38 per cent.

The company's stock opened at Rs 825 on the BSE, fell 1.45 per cent after the results and was trading at Rs 812 intra-day.

Ingersoll-Rand (India) Ltd is an India-based company. The company manufactures products for the industrial solutions and climate control markets. It operates in the air solutions segment which consists of reciprocating compressors, centrifugal compressors and system components and other products.