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ICICI Direct Report
Action Construction Equipment Ltd. reported decent Q4 FY22 results.
Revenue for the quarter came in at Rs 510.6 crore, up 12.1% YoY and 17.2% QoQ.
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Segmental performance was as follows: Crane segment revenue came in at Rs 370.9 crore versus Rs 316.7 crore in Q4 FY21 and Rs 268.8 crore in Q3 FY22. Ebit margins for the quarter was at 12.1%.
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Construction equipment segment revenue came in at Rs 52.2 crore versus Rs 46.2 crore in Q4 FY21 and Rs 47.4 crore in Q3 FY22. Ebit margins for the quarter were at 5.6%.
Material handling segment revenue came in at Rs 38.4 crore versus Rs 37.3 crore in Q4 FY21 and Rs 43.1 in Q3 FY22 with Ebit margins of 12.5%.
Agri segment revenue was at Rs 49 crore versus Rs 57.1 crore in Q4 FY21 and Rs 77.3 crore in Q3 FY22.
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