Article: Ingersoll Rand Q1 net soars 19-fold to Rs 158 cr.

Ingersoll Rand Q1 net soars 19-fold to Rs 158 cr

Mumbai, July 31 (PTI) - Construction and mining machinery maker Ingersoll Rand India today posted a nearly 19-fold leap in net profit to Rs 158.90 crore for the quarter ended June 30, compared to Rs 8.38 crore for the same quarter last year.

Total income of the Bangalore-headquartered firm has increased 9.39 per cent to Rs 131.13 crore for the June quarter from Rs 119.87 crore in the corresponding quarter previous year, Ingersoll informed the Bombay Stock Exchange.

The company also said its parent company US-based Ingersoll Rand Company Ltd has agreed to sell the utility, attachments ...

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