Action Construction Posts An All Round Q3 Performance, Sustenance Key: ICICI Direct 
Construction cranes in Switzerland. (Photographer Stefan Wermuth/Bloomberg)

Action Construction Posts An All Round Q3 Performance, Sustenance Key: ICICI Direct 

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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. 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.

Click on the attachment to read the full report:

ICICI Direct Action Construction Company Update.pdf

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