Action Construction Equipment's net profit up 108.80% in Q4 FY24

• Significant profit growth: Net profit surged by 106.59%, reaching Rs 98.44 crore in Q4-FY24, compared to Rs 47.65 crore in the same quarter last year.
• Strong sales increase: Sales for the quarter rose by 36.17% to Rs 835.84 crore, up from Rs 613.84 crore in Q4-FY23.
• EBITDA growth: EBITDA for Q4-FY24 was Rs 150.6 crore, reflecting an increase of 19.80% compared to the Q3-FY24.

• Record annual profit: Net profit for the full year rose by 91.22% to Rs 328.16 crore, compared to Rs 171.61 crore in the previous fiscal year.
• Robust Annual Sales Growth: Annual sales increased by 34.92%, reaching Rs 2913.80 crore, up from Rs 2159.68 crore in the previous year.
• Annual EBITDA: Full-year EBITDA for FY24 stands at INR 480.3 crore, showcasing a significant increase of 83.3% as compared to EBITDA of FY23 indicating the company's strong operational performance.

• Highest ever quarterly and annual revenue: The company achieved its highest ever revenue and profit margins in its history.
• Operational revenue growth: Operational revenue grew by 36% year-over-year and 11% quarter-over-quarter.
• Improved margins: Significant margin expansion driven by better capacity utilization, optimized product mix, improved pricing, efficient cost control, and lower commodity prices.

• Cranes: Revenue grew by 37.75% year-over-year.
• Construction Equipment: Revenue surged by 54.82% year-over-year.
• Material Handling: Revenue increased by 8.6% year-over-year.
• Agriculture: Revenue grew by 12.06% year-over-year.
• Export Expansion: Export sales increased by 72% year-over-year.