Action Construction Equipment Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 09, 2023 at 10:18 am
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Action Construction Equipment Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 6,732.4 million compared to INR 4,918.3 million a year ago. Revenue was INR 6,902.1 million compared to INR 4,977.9 million a year ago. Net income was INR 739.2 million compared to INR 339.7 million a year ago. Basic earnings per share from continuing operations was INR 6.21 compared to INR 2.85 a year ago. Diluted earnings per share from continuing operations was INR 6.21 compared to INR 2.85 a year ago.
For the six months, sales was INR 13,248.5 million compared to INR 9,895.1 million a year ago. Revenue was INR 13,580.6 million compared to INR 10,198.3 million a year ago. Net income was INR 1,414.7 million compared to INR 774.6 million a year ago. Basic earnings per share from continuing operations was INR 11.88 compared to INR 6.5 a year ago. Diluted earnings per share from continuing operations was INR 11.88 compared to INR 6.5 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.