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ICICI Direct Report
Action Construction Equipment Ltd. reported the highest-ever quarterly numbers led by a revival in infra and construction activities coupled with spillover from Q2.
Revenue for the quarter came in at Rs 400.4 crore, up 38.4% YoY. Segment revenue for crane, construction equipment, material handling, and agriculture equipment were Rs 257.3 crore, Rs 38.8 crore, Rs 31.3 crore, Rs 73 crore respectively.
Gross margins contracted approximately 96 basis points YoY on account of higher input costs.
However, the price hike in November is expected to have curtailed contraction.
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