INGERSOLL - RAND (INDIA) LIMITED

Regd. Office: Plot No. 7 & 8, Phase 1, Peenya Industrial Area, Bangalore 560 058

AUDITED FINANCIAL RESULTS FOR THE FINANCIAL YEAR ENDED MARCH 31, 2007

(Rupees in Crores)

Sl. No.

Description

9 months ended 31.12.2006 (Unaudited)

3 months ended 31.03.2007 (Unaudited)

Corresponding 3 months ended 31.03.2006 (Unaudited)

Accounting Year ended 31.03.2007 (Audited)

Previous Accounting Year ended on 31.03.2006 (Audited)

Net Sales

443.11

150.67

132.27

593.78

476.72

Other Income from operations/Other Income

22.38

10.29

5.89

32.67

32.99

Total Expenditure

402.99

142.07

120.75

545.06

451.37

(a) (Increase)/Decrease in stock in trade

(4.38)

(15.48)

4.26

(19.86)

4.44

(b) Consumption of raw materials / components

325.61

124.39

89.65

450.00

347.88

39.63

20.23

14.26

59.86

51.86

(d) Other expenditure

42.13

12.93

12.58

55.06

47.19

[Any item exceeding 10% of the total expenditure to be shown separately]

Interest

0.80

0.11

0.32

0.91

1.46

Depreciation

4.78

1.49

1.50

6.27

6.25

Profit(+)/Loss(-) before tax [1+2-3-4-5]

56.92

17.29

15.59

74.21

50.63

Exceptional Items

(a) Voluntary Retirement Compensation

0.05

0.71

(b) Profit on sale of Climate Control Business

0.77

(a) Provision for current taxation

21.50

7.74

4.36

29.24

15.70

(b) Provision for deferred taxation

(2.07)

0.48

1.44

(1.59)

1.60

0.61

0.19

0.20

0.80

1.66

Net Profit(+)/Loss(-) [6-7a+7b-8a-8b-8c]

37.60

8.88

9.59

46.48

30.96

10.

Paid-up equity share capital

31.57

[Face Value of Rs. 10 per share]

11.

Reserves excluding revaluation reserves

412.40

387.80

[as per balance sheet] of previous accounting year

12.

Basic and diluted Earnings Per Share (EPS) for the

11.91

2.82

3.04

14.73

9.81

period, for the year to date and for the previous year (in Rupees)

13.

Aggregate of non-promoter shareholding

- Number of shares

8,208,000

- Percentage of shareholding

26%

SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED

(Rupees in Crores)

Sl. No.

Particulars

9 months ended 31.12.2006 (Unaudited)

3 months ended 31.03.2007 (Unaudited)

Corresponding 3 months ended 31.03.2006 (Unaudited)

Accounting Year ended 31.03.2007 (Audited)

Previous Accounting Year ended on 31.03.2006 (Audited)

Segment Revenue

a) Air Solutions

Continuing Operations

228.05

77.42

72.26

305.47

261.58

b) Construction Technologies & Compact Vehicle Technologies

Continuing Operations

184.07

67.25

48.76

251.32

170.06

Discontinued Operations (drilling solutions business)

30.28

6.00

9.95

36.28

40.72

c) Climate Control

Discontinued Operations

0.71

1.30

0.71

4.36

443.11

150.67

132.27

593.78

476.72

Less: Inter segment revenue

Net Sales

443.11

150.67

132.27

593.78

476.72

Segment Result

[Profit (+)/Loss (-) before tax and interest from segment]

a) Air Solutions

Continuing Operations

28.69

8.29

7.81

36.98

32.21

b) Construction Technologies & Compact Vehicle Technologies

Continuing Operations

25.70

10.32

7.56

36.02

16.35

Discontinued Operations (drilling solutions business)

(5.77)

(0.81)

(1.02)

(6.58)

(6.86)

c) Climate Control

Discontinued Operations

(0.03)

(0.23)

(0.03)

(0.63)

48.59

17.80

14.12

66.39

41.07

Less: Interest

0.80

0.11

0.32

0.91

1.46

47.79

17.69

13.80

65.48

39.61

Add: Unallocable Other Income (Net)

9.13

(0.40)

1.79

8.73

11.02

Profit before tax

56.92

17.29

15.59

74.21

50.63

Capital Employed

[Segment Assets - Segment Liabilities]

a) Air Solutions

132.84

132.26

134.60

132.26

134.60

b) Construction Technologies & Compact Vehicle Technologies

19.15

34.33

46.36

34.33

46.36

c) Climate Control

4.01

d) Other Unallocable Corporate Assets

286.91

277.39

234.40

277.39

234.40

438.90

443.98

419.37

443.98

419.37

Notes:-

(i)

While the drilling solutions business has been sold to Atlas Copco (India) Limited (ACIL), the Company, pursuant to a supply agreement, continues to manufacture drilling solutions products for ACIL and its customers. The revenue and results arising from such operations are included in the Construction Technologies & Compact Vehicle Technologies segment revenue and results as discontinued operations.

(ii)

Climate Control business has been sold to Thermo King India Private Limited effective July 1, 2006 pursuant to the approval received from the members.

(iii)

The shareholders of the Company have, through postal ballot, given the requisite approval as per Section 293(1)(a) of the Companies Act, 1956 for the sale of the Company's Road Development Business to Volvo India Private Limited. The effective date for completion of the sale of Road Development Business to Volvo India Private Limited will be decided by the Board of Directors in course of time. The revenue and results of Construction Technologies & Compact Vehicle Technologies segment for the accounting year ended on March 31, 2007 includes revenue of Rs. 162.90 crores and profit of Rs. 20.30 crores from Road Development Business.

(iv)

Status of investor complaints for the quarter ended 31st March 2007

No. of complaints

Pending as at 01.01.2007

Received during the quarter

Attended to during the quarter

Pending as at 31.03.2007

NIL

(v)

Figures for the previous period / year have been recast as necessary to conform to current period / year classification.

(vi)

The above results have been approved by the Audit Committee and the Board of Directors at their meetings held on April 28, 2007

For and on behalf of the Board of Directors

Place : Bangalore

(Daljit L. Mirchandani)

Date: April 28, 2007

Chairman and Managing Director