BQ Prime's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
Action Construction Equipment Ltd. reported good Q1 FY23 results. Revenue for the quarter came in at Rs 497.7 crore, up 55% YoY and down 3% QoQ. Segmental performance was as follows.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
Crane segment revenue was at Rs 349.2 crore versus Rs 370.9 crore in Q4 FY22 and Rs 222.1 crore in Q1 FY22. Ebit margins for the quarter were at 10.9%.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
Construction equipment segment revenue came in at Rs 52 crore versus Rs 52.2 crore in Q4 FY22 and Rs 36.6 crore in Q1 FY22. Ebit margins for the quarter were at 4.3%.
Material handling segment revenue came in at Rs 37.9 crore versus Rs 38.4 crore in Q4 FY22 and Rs 33.1 in Q1 FY22 with Ebit margins of 11.1%.
Agri segment revenue came in at Rs 58.6 crore versus 49 crore in Q4 FY22 and Rs 29.6 crore in Q1 FY22.
ACE's gross margins increased ~ 40 bps QoQ and declined ~ 204 bps QoQ.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
