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Financial Results

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, 2006

(Rupees in Crores)
Sl. No.
Description
9 months ended 31.12.2005 (Unaudited)
3 months ended 31.03.2006 (Unaudited)
Corresponding 3 months ended 31.03.2005 (Unaudited)
Accounting Year ended on 31.03.2006 (Audited)
Previous Accounting Year ended on 31.03.2005 (Audited)
1. Net Sales 344.45
132.27
119.53
476.72
442.18
2. Other Income from operations/Other Income 26.66
5.89
8.93
32.55
28.08
3. Total Expenditure 330.18
120.75
120.46
450.93
429.47
  (a) (Increase)/Decrease in stock in trade 0.18
4.26
1.11
4.44
(2.23)
  (b) Consumption of raw materials / components 257.79
89.65
91.08
347.44
319.39
  (c) Staff cost 37.60
14.26
13.57
51.86
54.17
  (d) Other expenditure 34.61
12.58
14.70
47.19
58.14
   [Any item exceeding 10% of the total expenditure to be shown separately]           
4. Interest 1.14
0.32
0.77
1.46
1.86
5. Depreciation 4.75
1.50
1.60
6.25
6.66
6. Profit(+)/Loss(-) before tax [1+2-3-4-5] 35.04
15.59
5.63
50.63
32.27
7. Exceptional Items          
  (a) Voluntary Retirement Compensation 0.71
-
0.13
0.71
3.03
  (b) Profit on sale of drilling solutions business -
-
0.31
-
104.82
  (c) Excess provision for prior years written back -
-
-
-
3.19
  (d) Profit on sale of investments -
-
8.34
- 8.34
8. (a) Provision for current taxation 11.34
4.36
1.66
15.70
32.10
  (b) Provision for deferred taxation 0.16
1.44
0.10
1.60
1.67
  (c) Provision for fringe benefit tax 1.46
0.20
-
1.66
-
9. Net Profit(+)/Loss(-)
[6-7a+7b+7c+7d-8a-8b-8c]		 21.37
9.59
12.39
30.96
111.82
10. Paid-up equity share capital
[Face Value of Rs. 10 per share]		 31.57
31.57 31.57 31.57 31.57
           
11. Reserves excluding revaluation reserves       387.80
387.80
  [as per balance sheet] of previous accounting year          
12.   Basic and diluted Earnings Per Share (EPS) for the period, for the year to date and for the previous year (in Rupees) 6.77
  		 3.04
  		 3.92
  		 9.81
  		 35.42   
13. Aggregate of non-promoter shareholding          
  - Number of shares 8,208,000
8,208,000
8,208,000
8,208,000
8,208,000
  - Percentage of shareholding 26% 26% 26% 26% 26%


SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED

(Rupees in Crores)
Sl. No. Particulars 9 months ended 31.12.2005 (Unaudited) 3 months ended 31.03.2006 (Unaudited)
 Corresponding 3 months ended 31.03.2005 (Unaudited)
 Accounting Year ended on 31.03.2006 (Audited)
 Previous Accounting Year ended on 31.03.2005 (Audited)
1. Segment Revenue          
  a) Air Solutions          
  Continuing Operations 189.32
72.26
60.72
261.58
234.57
   b) Construction Technologies & Compact Vehicle TechnologiesContinuing Operations   121.30
  48.76
  45.39
  170.06
  140.27
  Discontinued Operations (drilling solutions business) 30.77
9.95
13.44
40.72
64.35
  c) Climate Control
          
  Continuing Operations 3.06
1.30
(0.02)
 4.36
2.99
    344.45
132.27
119.53
476.72
442.18
  Less: Inter segment revenue - - - - -
  Net Sales / Income from Operations 344.45
132.27
119.53
476.72
442.18
             
2. Segment Result          
  [Profit (+)/Loss (-) before tax and interest from segment]          
  a) Air Solutions          
      Continuing Operations 24.40
7.81
3.94
32.21
29.91
  b) Construction Technologies &      Compact Vehicle Technologies          
       Continuing Operations 8.79
7.56 5.44
16.35
9.37
        Discontinued Operations
       (drilling solutions business)		 (5.84)
 (1.02)
 (2.88)
 (6.86)
 (11.39)
   c) Climate Control
     Continuing Operations		          
(0.40)
 (0.23)
 (0.60)
 (0.63)
 (0.24)
    26.95
14.12
5.90
41.07
27.65
  Less: Interest 1.14
0.32
0.77
1.46
1.86
    25.81
13.80
5.13
39.61
25.79
  Add: Unallocable Other Income 9.23
1.79
0.50
11.02
6.48
  Profit before tax 35.04
15.59
5.63
50.63
32.27
             
3. Capital Employed          
  [ Segment Assets - Segment Liabilities ]         
  a) Air Solutions 125.59
134.60
145.89
134.60
145.89
  b) Construction Technologies &      Compact Vehicle Technologies 64.08
46.36
80.60
46.36
80.60
  c) Climate Control 1.90
4.01
2.53
4.01
2.53
  d) Other unallocable Corporate
     Assets		 229.02
234.40
180.99
234.40
180.99
    420.59
419.37
410.01
419.37
410.01


Notes:-

  1. 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.

  2. Status of investor complaints for the quarter ended 31st March 2006

    No. of complaints
    Pending as at 01.01.2006
    		 Received during the quarter
    		Attended to during the quarter
    		Pending as at 31.03.2006
    NIL NIL NIL NIL

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

  4. The above results have been approved by the Audit Committee and the Board of Directors at their meetings held on April 28, 2006
For and on behalf of the Board of Directors
Place : Bangalore
Date: April 28, 2006		 (D. L. Mirchandani)
Chairman and Managing Director