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- Action Construction Equipment Q1 Results, Revenue Declines to ₹73,363 Lakhs, and PAT Drops to ₹8,371 Lakhs.
Action Construction Equipment Q1 Results, Revenue Declines to ₹73,363 Lakhs, and PAT Drops to ₹8,371 Lakhs.
Action Construction Equipment Q1 Results show a 12.2% QoQ decrease in revenue to ₹73,363 lakhs and an 8.1% QoQ decline in total comprehensive income to ₹8,371 lakhs.
by P Nandhini
Updated Sep 06, 2024
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Table of Content
Action Construction Equipment Q1 Results 2024-2025: Action Construction Equipment released its first-quarter results for the fiscal year 2024-2025 on July 31, 2024, showing a decrease in revenue compared to the previous quarter.
For the quarter ended June 30, 2024, the company's revenue from operations was Rs. 73,363 lakhs, a drop of 12.2% QoQ from Rs. 83,579 lakhs in the previous quarter. This decline in revenue reflects a significant shift in the company's financial performance, highlighting challenges faced during this period.
In terms of profit, Action Construction Equipment saw a decrease in both its profit before tax and profit after tax. The profit before tax fell by 16.1% QoQ, from Rs. 13,283 lakhs in the March 2024 quarter to Rs. 11,142 lakhs in June 2024.
Similarly, the profit after tax dropped by 20.1% QoQ, from Rs. 3,468 lakhs to Rs. 2,771 lakhs. Despite these declines, the company’s total comprehensive income remained relatively stable, reflecting an 8.1% decrease QoQ from Rs. 9,777 lakhs to Rs. 8,371 lakhs.
These results indicate a period of adjustment and highlight the need for strategies to address the financial pressures observed in this quarter.
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Action Construction Equipment Q1 Results 2024 - 2025
Here is a summary of Action Construction Equipment's financial performance for Q1 of 2024-2025:
| Particulars | Quarter ended 30 June 2024 | Quarter ended 31 March 2024 | QoQ Change |
|---|---|---|---|
| Revenue from Operations | Rs. 73,363 lakhs | Rs. 83,579 lakhs | -12.2% |
| Other Income | Rs. 2,736 lakhs | Rs. 2,062 lakhs | +32.7% |
| Total Income | Rs. 76,099 lakhs | Rs. 85,641 lakhs | -11.2% |
| Cost of Materials Consumed | Rs. 54,680 lakhs | Rs. 51,099 lakhs | +7.0% |
| Changes in Inventories | Rs. (3,241) lakhs | Rs. 6,188 lakhs | -152.4% |
| Employee Benefits Expense | Rs. 3,109 lakhs | Rs. 3,027 lakhs | +2.7% |
| Finance Costs | Rs. 733 lakhs | Rs. 1,069 lakhs | -31.4% |
| Depreciation and Amortisation Expense | Rs. 675 lakhs | Rs. 662 lakhs | +2.0% |
| Impairment Losses on Financial Assets | Rs. 17 lakhs | Rs. (10) lakhs | +270.0% |
| Other Expenses | Rs. 8,984 lakhs | Rs. 10,323 lakhs | -18.8% |
| Total Expenses | Rs. 64,957 lakhs | Rs. 72,358 lakhs | -10.2% |
| Profit Before Tax | Rs. 11,142 lakhs | Rs. 13,283 lakhs | -16.1% |
| Tax Expense | Rs. 2,771 lakhs | Rs. 3,468 lakhs | -20.1% |
| Total Comprehensive Income | Rs. 8,371 lakhs | Rs. 9,777 lakhs | -8.1% |
| Paid-Up Equity Share Capital | Rs. 2,382 lakhs | Rs. 2,382 lakhs | No Change |
| Basic Earnings Per Share | Rs. 7.03 | Rs. 8.25 | -14.8% |
| Diluted Earnings Per Share | Rs. 7.03 | Rs. 8.25 | -14.8% |
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Action Construction Equipment Current Market Overview
Action Construction Equipment is currently trading at ₹1,264 per share, reflecting a slight decline of 1.08%. The company's market capitalization is ₹15,048 crore, showing its strong presence in the industry. The stock has fluctuated between a high of ₹1,695 and a low of ₹644.
With a price-to-earnings ratio of 43.6, the company is valued on the higher end, and it offers a modest dividend yield of 0.16%. Its return on capital employed (ROCE) is high at 42.3%, and its return on equity (ROE) stands at 30.6%, indicating strong financial performance.
| Metric | Value |
|---|---|
| Current Price | ₹1,264 |
| Change | -1.08% |
| Market Cap | ₹15,048 Cr. |
| High / Low | ₹1,695 / ₹644 |
| Stock P/E | 43.6 |
| Book Value | ₹103 |
| Dividend Yield | 0.16% |
| ROCE | 42.3% |
| ROE | 30.6% |
| Face Value | ₹2.00 |
Quarterly Results
Here is a detailed summary of Action Construction Equipment's financial performance for the quarters ending December 2023, March 2024, and June 2024:
| Metric | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|
| Sales (₹ Cr.) | 753 | 836 | 734 |
| Expenses (₹ Cr.) | 650 | 706 | 636 |
| Operating Profit (₹ Cr.) | 103 | 130 | 99 |
| OPM % | 14% | 16% | 13% |
| Other Income (₹ Cr.) | 23 | 21 | 28 |
| Interest (₹ Cr.) | 6 | 11 | 7 |
| Depreciation (₹ Cr.) | 6 | 7 | 7 |
| Profit Before Tax (₹ Cr.) | 114 | 133 | 112 |
| Tax % | 23% | 26% | 25% |
| Net Profit (₹ Cr.) | 88 | 98 | 84 |
| EPS (₹) | 7.41 | 8.27 | 7.07 |
About Action Construction Equipment
Action Construction Equipment (ACE) is a leading manufacturer in India specializing in material handling and construction equipment. Established as a prominent player in the industry, ACE offers a wide range of products including mobile cranes, tower cranes, backhoe loaders, forklifts, and various types of construction machinery.
The company is known for its expertise in mobile and tower cranes, serving both domestic and international markets. With a focus on innovation and quality, ACE has built a strong reputation for delivering reliable and efficient equipment to support construction and infrastructure projects.
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Action Construction Equipment Q1 Results - FAQs
1. What was Action Construction Equipment's revenue for Q1 2024-2025?
Action Construction Equipment's revenue for Q1 2024-2025 was Rs. 73,363 lakhs.
2. When did Action Construction Equipment release its Q1 results for 2024-2025?
Action Construction Equipment released its Q1 results on July 31, 2024.
3. How did Action Construction Equipment's revenue change from the previous quarter?
Action Construction Equipment's revenue decreased by 12.2% from the previous quarter.
4. What was Action Construction Equipment's profit before tax for Q1 2024-2025?
Action Construction Equipment's profit before tax for Q1 2024-2025 was Rs. 11,142 lakhs.
5. What was the profit after tax for Action Construction Equipment in Q1 2024-2025?
Action Construction Equipment's profit after tax for Q1 2024-2025 was Rs. 8,371 lakhs.
6. What is Action Construction Equipment's total expenses for Q1 2024-2025?
Action Construction Equipment's total expenses for Q1 2024-2025 were Rs. 64,957 lakhs.
7. What is the basic earnings per share for Action Construction Equipment in Q1 2024-2025?
The basic earnings per share for Action Construction Equipment in Q1 2024-2025 is Rs. 7.03.
8. What is the diluted earnings per share for Action Construction Equipment in Q1 2024-2025?
The diluted earnings per share for Action Construction Equipment in Q1 2024-2025 is Rs. 7.03.
9. What was the total income for Action Construction Equipment in Q1 2024-2025?
The total income for Action Construction Equipment in Q1 2024-2025 was Rs. 76,099 lakhs.
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