Ingersoll-Rand (India) Ltd (INGERRAND) Q1 FY27 Results Analysis: Revenue Surges 20%, EBITDA Margins Steady

Ingersoll-Rand (India) Ltd's Q1 FY27 numbers came in mixed, with revenue of Rs. 379.46 Cr (+20.34% YoY) and PAT growth of +19.46% YoY. Here's a quick read of what worked, what to watch, and what management said.

Quarter Snapshot

Revenue and PAT grew ~20% YoY, with stable EBITDA margins and effective cost management. Raw material cost pressure remains a watch item, but strong demand environment supports near-term growth.

Key Investment Insights

Key Positives

• Revenue grew 20.3% YoY to Rs.379.46 Cr
• PAT grew 19.5% YoY to Rs.70.46 Cr
• EBITDA margin expanded 24 bps YoY to 23.78%
• Employee costs grew only 4.8% YoY, demonstrating operating leverage
• No exceptional items in the quarter
• Strong sequential rebound from Q4 FY26 with 26.6% QoQ revenue growth

Risk Factors

• Raw material costs as a share of revenue increased by 2.08 percentage points YoY to 52.56%, indicating input cost pressure