Ingersoll-Rand (India) Limited Ingersoll-Rand (India) Limited reported a net profit of ₹70.46 crore for the quarter ended June 30, 2026, up 19.5% from ₹58.98 crore in the same period last year. The Bengaluru-based industrial technology company also saw its revenue from operations grow by 20.3% year-on-year to ₹379.46 crore, reflecting robust demand in its core Air Solutions segment.

The Board of Directors approved the unaudited financial results in a meeting held on August 13, 2026. The results were reviewed by Deloitte Haskins & Sells, the statutory auditors, who issued an unmodified conclusion on the interim financial information prepared under Ind AS 34.

Financial Performance Overview

Revenue growth was broad-based, with total income rising to ₹389.29 crore from ₹324.87 crore in Q1FY25. This included other income of ₹98.3 lakh, compared to ₹95.5 lakh in the prior year. Despite the revenue uptick, the company managed to keep total expenses in check relative to top-line growth, allowing for an expansion in pre-tax profits.

Cost of materials consumed rose to ₹199.45 crore from ₹159.17 crore, accounting for the largest share of expense growth. Employee benefits expense increased moderately to ₹33.76 crore from ₹32.21 crore. Finance costs remained negligible at ₹3.4 lakh, down slightly from ₹4.4 lakh in the previous year.

What the Numbers Show

The company’s ability to grow net profit at nearly the same pace as revenue indicates stable operational leverage. While cost of materials consumed grew by 25.3%, significantly outpacing revenue growth, this was partially offset by a reduction in inventory changes and controlled other expenses. Notably, the absence of exceptional items in Q1FY26 contrasts with the preceding quarter (Q4FY26), which included a ₹14.78 crore negative impact from labour codes. This suggests that the current quarter’s profit figure reflects pure operational performance without one-time adjustments.

Tax expenses for the quarter stood at ₹24.53 crore, comprising current tax of ₹24.71 crore and a deferred tax credit of ₹1.8 lakh. The effective tax rate remained consistent with industry norms for manufacturing entities.

Segment and Compliance Details

Ingersoll-Rand operates in a single reportable segment: Air Solutions. Consequently, no separate segment disclosures were provided. The paid-up equity share capital remained unchanged at ₹31.57 crore. The company’s comprehensive income for the quarter was ₹70.51 crore, including a minor gain of ₹5 lakh on remeasurements of defined benefit obligations.

Ingersoll Rand India reported broad-based growth in its first quarter results, with revenue rising to ₹3.8 billion from ₹3.1 billion in the corresponding period of the previous fiscal year. The capital goods manufacturer also posted net profit of ₹705 million, up from ₹590 million year-on-year, reflecting a 19% increase at the bottom line.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) grew to ₹902 million from ₹742 million in the same period last year. The EBITDA margin expanded to 23.78% from 23.5%, indicating that operating profit growth outpaced topline growth.

Financial highlights

The table below summarises Ingersoll Rand's key Q1 financial metrics on a year-on-year basis.

What the numbers show

The revenue expansion of approximately 22.6% YoY provides important context for interpreting the profitability metrics. The 21.6% increase in EBITDA alongside the 19% rise in net profit suggests that while operational leverage supported margin expansion, below-the-line costs moderated the net profit growth rate relative to EBITDA growth. The 28 basis points expansion in EBITDA margin indicates Ingersoll Rand converted a larger share of its sales into operating cash flow compared to the prior year period, pointing to effective cost management or a favourable product mix during the quarter.