Action Construction Equipment Ltd Sees 24% Profit Surge in Q1

Action Construction Equipment Ltd reported a 24% increase in consolidated profit after tax (PAT) at Rs 84.57 crore for April-June 2024, driven by higher income. The previous year's PAT was Rs 67.57 crore. The company's total income rose to Rs 761.81 crore, up 14% from the previous Rs 667.85 crore. Executive Director Sorab Agarwal highlighted the company's growth momentum.

Action Construction Equipment Ltd on Wednesday reported a 24 per cent rise in consolidated profit after tax (PAT) at Rs 84.57 crore in the April-June quarter of this financial year, primarily due to higher income.

In comparison, the company had recorded a PAT of Rs 67.57 crore during the same period in the prior fiscal year 2023-24, according to an exchange filing.

The total income for the quarter surged to Rs 761.81 crore, marking a 14 per cent increase from Rs 667.85 crore a year earlier.

''The company has maintained its growth momentum in the first quarter of the current fiscal year. The company has been able to deliver its best ever quarterly performance in Q1 FY25,'' said Action Construction Equipment Executive Director Sorab Agarwal.

The company generated a revenue of Rs 690.67 crore from its cranes, construction equipment, and material handling segment, while its agri-equipment division secured a revenue of Rs 42.96 crore.

Action Construction Equipment Ltd is among India's leading manufacturers of material handling and construction equipment.

(With inputs from agencies.)