Ingersoll-Rand (IR) India has recently announced its first-quarter financial results for 2012. The company’s net profit for June 2012 quarter rose to Rs.227 million against Rs.180 million a year ago. Net Income from operations was at Rs.1,423 million as compared to Rs.1,284 million in the same quarter last fiscal.
Venkatesh Valluri, Chairman, Ingersoll-Rand (India) Limited, said, “Our new products and solutions, innovative approach to the market have ensured that we continue to lead by serving our customers with sustainable and environmentally responsible solutions. Additionally, the focus on operational excellence that has been deployed across all functions at Ingersoll-Rand will ascertain that we are competitively positioned. However, we are tempering our assessment with respect to growth for the future quarters as we see a rapid decline in investments in the creation of infrastructure in the country.”
Furthermore, the company also held its 90th Annual General Meeting in Bangalore and shared its financial performance for the year 2011-12.
“Our business model ensures that we enable a world of sustainable progress and enduring results. Our focus on sustainability and environmentally responsible solutions that advance societies is the core purpose with which we do business. In a tough economic environment, the company has continued to demonstrate its ability to grow profitably by improving productivity, delivering growth and creating sustainability initiatives that improve quality of life,” Valluri further commented.
