Action Construction Equipment Ltd's Q3FY25 Quarter Results
- 08 Feb 2025
Result Summary
- Action Construction Equipment Ltd reported a 14.5% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 16.6%.
- Its expenses for the quarter were up by 13.2% QoQ and 13.6% YoY.
- The net profit increased 17.8% QoQ and increased 26.6% YoY.
- The earnings per share (EPS) of Action Construction Equipment Ltd stood at 9.4 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 905.28 | 790.90 | 776.08 | 14.5% | 16.6% |
Total Expenses | 751.52 | 664.05 | 661.78 | 13.2% | 13.6% |
Profit Before Tax | 149.49 | 126.75 | 114.30 | 17.9% | 30.8% |
Tax | 37.81 | 31.93 | 26.06 | 18.4% | 45.1% |
Profit After Tax | 111.68 | 94.82 | 88.24 | 17.8% | 26.6% |
Earnings Per Share | 9.40 | 8.00 | 7.40 | 17.5% | 27.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Action Construction Equipment Ltd (ACE) is a prominent player in the manufacturing and construction equipment industry. The company primarily engages in the production of cranes, forklifts, tractors, and other construction equipment. ACE has established a significant presence in the Indian market, catering to diverse sectors such as infrastructure development, agriculture, and mining. It is known for its comprehensive product range and innovative solutions tailored to the needs of its clients. There are no recent major developments available in the provided data. However, ACE continues to focus on expanding its reach and enhancing its product offerings to maintain its competitive edge in the industry.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), Action Construction Equipment Ltd reported a total income of ₹905.28 crores. This reflects a quarter-over-quarter (QoQ) increase of 14.5% from ₹790.90 crores in the second quarter of fiscal year 2025 (Q2FY25). On a year-over-year (YoY) basis, the total income increased by 16.6% from ₹776.08 crores in Q3FY24. The consistent upward trend in revenue across both QoQ and YoY comparisons highlights the company's ability to generate increased income from its operations over time. This growth in revenue could be attributed to an increase in sales volume, price adjustments, or a combination of both.
Profitability
Action Construction Equipment Ltd's profitability showed positive momentum in Q3FY25. The profit before tax stood at ₹149.49 crores, marking a 17.9% increase from ₹126.75 crores in Q2FY25 and a 30.8% rise from ₹114.30 crores in Q3FY24. After accounting for taxes, the profit after tax was ₹111.68 crores, up by 17.8% QoQ from ₹94.82 crores and 26.6% YoY from ₹88.24 crores. The earnings per share (EPS) for Q3FY25 was ₹9.40, which increased by 17.5% from ₹8.00 in Q2FY25, and by 27.0% from ₹7.40 in Q3FY24. The substantial improvement in profitability metrics indicates effective management of operating expenses and a strong revenue base.
Operating Metrics
Total expenses for Q3FY25 amounted to ₹751.52 crores, reflecting an increase of 13.2% from ₹664.05 crores in Q2FY25 and a 13.6% increase from ₹661.78 crores in Q3FY24. The consistent rise in expenses aligns with the growth in revenue, suggesting potential expansions in operations or increased costs associated with higher sales volumes. The tax expense for Q3FY25 was ₹37.81 crores, up by 18.4% from ₹31.93 crores in Q2FY25 and by 45.1% from ₹26.06 crores in Q3FY24. The upward trend in tax expenses aligns with the increase in pre-tax profits, maintaining the company's tax obligations proportional to its earnings. The financial data indicates that Action Construction Equipment Ltd has managed its operations efficiently to support its growth trajectory.
