Ingersoll-Rand India Reports Q3 FY26 Results with 19% Revenue Growth to ₹455.49 Cr
Ingersoll-Rand India delivered strong Q3 FY2025-26 results with revenue growth of 19.4% to ₹455.49 crores, driven by record production of centrifugal compressors and sustained demand across industrial sectors. The company achieved operational milestones including the unveiling of its new Sanand facility and maintained strong PBT margins of 26%, though profit after tax declined due to exceptional expenses of ₹26.58 crores related to India's new labour code implementations.

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Ingersoll Rand (India) Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, demonstrating strong operational performance despite regulatory headwinds. The company reported revenue from operations of ₹455.49 crores for Q3 FY2025-26, reflecting sustained demand across its compressed air solutions portfolio.
Financial Performance Overview
The company delivered robust financial metrics for the quarter, with growth across key revenue parameters offset by exceptional expenses:
| Financial Metric | Q3 FY2025-26 | Q3 FY2024-25 | YoY Change | 9M FY2025-26 | 9M FY2024-25 | YoY Change |
|---|---|---|---|---|---|---|
| Revenue from Operations | ₹455.49 Cr | ₹381.52 Cr | +19.4% | ₹1,092.74 Cr | ₹1,013.95 Cr | +7.8% |
| Total Income | ₹466.98 Cr | ₹389.50 Cr | +19.9% | ₹1,122.77 Cr | ₹1,040.74 Cr | +7.9% |
| Total Expenses | ₹345.31 Cr | ₹283.65 Cr | +21.7% | ₹840.69 Cr | ₹770.56 Cr | +9.1% |
| PBT (before exceptional items) | ₹121.67 Cr | ₹105.95 Cr | +14.8% | ₹282.08 Cr | ₹270.19 Cr | +4.4% |
| Profit After Tax | ₹71.89 Cr | ₹77.66 Cr | -7.4% | ₹191.22 Cr | ₹199.87 Cr | -4.3% |
The company achieved a PBT margin of 26.0% on total income before exceptional items, demonstrating strong operational efficiency. However, profit after tax declined due to an exceptional expense of ₹26.58 crores related to new labour code implementations.
Exceptional Items Impact
A significant development affecting the quarter's results was the implementation of India's new labour codes. The company recognized an exceptional expense of ₹26.58 crores towards incremental costs arising from the Code on Wages 2019, Industrial Relations Code 2020, Code on Social Security 2020, and Occupational Safety, Health and Working Conditions Code 2020.
| Labour Code Impact | Details |
|---|---|
| Exceptional Expense | ₹26.58 Cr |
| Nature | Past service costs for enhanced employee benefits |
| Implementation Date | November 21, 2025 |
| Coverage | Consolidation of 29 existing labour laws |
Operational Excellence and Production Milestones
Despite regulatory challenges, the company achieved several operational records during the quarter. Record production was achieved for large centrifugal compressors and oil-free rotary E-Series compressors, representing the highest quarterly output in company history. Strong order booking momentum was supported by sustained demand across power, renewables, semiconductors, electronics, and steel sectors.
Strategic Infrastructure Development
The quarter marked the unveiling of the company's new manufacturing facility in Sanand, Gujarat, representing a key milestone in its growth strategy:
| Facility Parameter | Details |
|---|---|
| Location | Sanand, Gujarat |
| Capabilities | Engineered-to-order compressor and gas solutions |
| Products | Centrifugal compressors, dryers, gas compressors, reciprocating compressors, nitrogen generators |
| Manufacturing Scale | Output scaled up by 1.5x |
The company targets achieving over 90% localization of rotary screw compressors in India within the next year through continued manufacturing investments and operational excellence initiatives.
Earnings Per Share and Market Position
Earnings per share for the quarter stood at ₹22.77, compared to ₹24.60 in the corresponding quarter of the previous year. For the nine-month period, EPS was ₹60.57 versus ₹63.31 in the prior year. The company's multi-channel, multi-brand strategy continues to drive bookings across all frame sizes, supported by its energy-efficient product portfolio and growing services business.
Historical Stock Returns for Ingersoll Rand
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.30% | +1.17% | +7.28% | -2.95% | +11.05% | +366.27% |































