Action Construction Equipment Q2 Review - Strong Performance Led By Cranes Segment: ICICI Direct

BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Direct Report.Action Construction Equipment Ltd.'s revenue for the quarter came in at Rs 360.9 crore, up 35% YoY and 12% QoQ. Segmental performance was as follows- Crane segment revenue came in at Rs 241.4 crore versus Rs 166.4 crore in Q2 FY21 and Rs 222.1 crore in Q1 FY22. Ebit margins for the quarter were at 11.3%. Construction equipment segment revenue came in at Rs 39.9 crore versus Rs 30.8 crore in Q2 FY21 and Rs 36.6 crore in Q1 FY22. Ebit margins for the quarter were at 5.2%. Material handling segment revenue came in at Rs 37.5 crore versus Rs 26.5 crore in Q2 FY21 and Rs 33.1 in Q1 FY22 with Ebit margins of 12%. Agri segment revenue came in at Rs 42.1 crore versus 44.7 crore in Q2 FY21 and Rs 29.6 crore in Q1 FY22. Action Construction Equipment's gross margins increased ~10 basis points YoY and ~135 bps QoQ. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint 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 BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Action Construction Equipment Q2 Review - Strong Performance Led By Cranes Segment: ICICI Direct

Action Construction Equipment Q2 Review - Strong Performance Led By Cranes Segment: ICICI Direct

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