Action Construction Equipment Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 06, 2024 at 05:55 am EST
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Action Construction Equipment Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 7,531.1 million compared to INR 5,563.3 million a year ago. Revenue was INR 7,760.8 million compared to INR 5,640.1 million a year ago. Net income was INR 882.5 million compared to INR 464.9 million a year ago. Basic earnings per share from continuing operations was INR 7.41 compared to INR 3.9 a year ago. Diluted earnings per share from continuing operations was INR 7.41 compared to INR 3.9 a year ago.
For the nine months, sales was INR 20,779.6 million compared to INR 15,458.4 million a year ago. Revenue was INR 21,341.4 million compared to INR 15,838.4 million a year ago. Net income was INR 2,297.2 million compared to INR 1,239.5 million a year ago. Basic earnings per share from continuing operations was INR 19.29 compared to INR 10.41 a year ago. Diluted earnings per share from continuing operations was INR 19.29 compared to INR 10.41 a year ago.
Action Construction Equipment Limited is engaged in manufacturing of construction equipment. The Company is engaged in the business of manufacturing and marketing of hydraulic mobile cranes, mobile tower cranes, crawler cranes, truck mounted cranes, material handling equipment like forklifts, road construction equipment like backhoe loaders, compactors, motor graders and agriculture equipment like tractors, harvesters and rotavators. The Company operates through four segments: cranes segment, construction equipment segment, material handling segment and agri equipment segment. The Company has manufacturing facilities at Haryana. The Companyâs equipment is used in sectors, such as infrastructure construction, power projects, ports and shipyards, dams, metro rail, roads, mining, steel industry, engineering industry, railways, cement, petroleum, defense, chemicals and fertilizer plants, warehousing, logistics, and building construction.