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ICICI Direct Report
Action Construction Equipment Ltd.'s revenue for the quarter came in at Rs 436.6 crore, up 9.1% YoY, 21.2% QoQ. Segmental performance was as follows.
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Crane segment revenue came in at Rs 268.8 crore versus Rs 257.3 crore in Q3 FY21 and Rs 241.4 crore in Q2 FY22. Ebit margins for the quarter were at 11.7%.
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Construction equipment segment revenue came in at Rs 47.4 crore versus Rs 38.8 crore in Q3 FY21 and Rs 39.9 crore in Q2 FY22. Ebit margins for the quarter were at 5.5%.
Material handling segment revenue came in at Rs 43.1 crore versus Rs 31.3 crore in Q3 FY21 and Rs 37.5 in Q2 FY22 with Ebit margins of 11.8%.
ACE's agri segment revenue came in at Rs 77.3 crore versus 73 crore in Q3 FY21 and Rs 42.1 crore in Q2 FY22.
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