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Action Construction Equipment Ltd Q1FY24; 51% rise in Profits

Action Construction Equipment Ltd is engaged in the business of manufacturing and marketing of hydraulic mobile cranes, mobile tower cranes, material handling equipment like forklifts, road construction equipment like backhoe loaders, compactors, motor graders and agriculture equipment like tractors, harvesters, rotavators, etc.

Financial Results:

Action Construction Equipment Ltd reported Revenues for Q1FY24 of ₹652.00 Crores up from ₹498.00 Crore year on year, a rise of 30.92%.

Total Expenses for Q1FY24 of ₹578.00 Crores up from ₹464.00 Crores year on year, a rise of 24.57%.

Consolidated Net Profit of ₹68.00 Crores up 51.11% from ₹45.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹5.67, up 55.34% from ₹3.65 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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