Ingersoll Rand Q3FY08 Results

Ingersoll Rand India Ltd has announced the following Unaudited Results for the quarter ended December 31, 2007:

The Company has posted a net profit of Rs 831.60 million for the quarter ended December 31, 2007 where as the same was at Rs 144.80 million for the quarter ended December 31, 2006. Total Income is Rs 1449.50 million for the quarter ended December 31, 2007 where as the same was at Rs 1772.00 million for the quarter ended December 31, 2006.

(I) (a) Road development business has been sold to Volvo India Pvt Ltd, effective May 04, 2007 pursuant to the approval from the members.

(b) Profit on sale of road development business, net of expenses incurred, is estimated pending finalisation of costs and net asset value associated with the sale.

(II) (a) Utility Equipment, Attachments and Bobcat business has been sold to Doosan International Pvt Ltd effective November 30, 2007 pursuant to the approval from the members.

(b) Profit on sale of utility equipment, attachments and bobcat business, net of expenses incurred, is estimated pending finalisation of costs and net asset value associated with the sale.

(III) Segment results of the current period are not comparable with that of the previous period, due to change in method of allocation of common expenses in the current period consequent to sale of businesses, referred to in note (I) and note (II) above.