Schedule a Call Back
Action Construction Equipment's net profit up 108.80% in Q4 FY24
2024-05-25

Q4-FY24 operational highlights
- 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.
Annual highlights (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.
Achievements
- 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.
Segment Growth:
- 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.
Future Outlook
Anticipated Growth: Despite potential short-term impacts from the general election and monsoon season, the company expects 15-20% revenue growth for FY25.


Subscribe Now
Subscribe to our Newsletter & Stay updated
RECENT POSTS
Popular Tags
Folliow us
Related Stories
Mecbo America Launches Scorpion Concrete Crawler Boom
Mecbo America, a division of Blastcrete Equipment LLC, brings a new product to its lineup: the Scorpion Concrete Crawler Boom. The Scorpion provi...
Cummins Reports Strong Fourth Quarter
The Board of Directors of Cummins India Limited (CIL), at their meeting reviewed, and approved the unaudited financial results for the quarter an...
Nord's Tailor-made Drive Solutions for Crane & Cargo
Nord Drivesystems offers complete drive systems for crane applications from a single source. In addition to motors and drive electronics, the MAX...