Action Construction Equipment announced that the company is currently in discussions with Kato Works Co., a Japanese global construction equipment manufacturer of Mobile Cranes, Excavators and other equipment (hereinafter referred to as KATO) to establish a joint venture in India, and the two companies plan to sign a formal contract as soon as they reach an agreement on the terms.The joint venture intends to produce medium and large sized cranes (mainly truck cranes, crawler cranes and rough terrain cranes) for the growing Indian market and in the future, JV also plans to utilize the technology which will be cultivated in the company`s development and introduce wide range of value added products for exports to other countries from India.Powered by Capital Market - Live News

Net profit of Action Construction Equipment rose 106.59% to Rs 98.44 crore in the quarter ended March 2024 as against Rs 47.65 crore during the previous quarter ended March 2023. Sales rose 36.17% to Rs 835.84 crore in the quarter ended March 2024 as against Rs 613.84 crore during the previous quarter ended March 2023.For the full year,net profit rose 91.22% to Rs 328.16 crore in the year ended March 2024 as against Rs 171.61 crore during the previous year ended March 2023. Sales rose 34.92% to Rs 2913.80 crore in the year ended March 2024 as against Rs 2159.68 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales835.84613.84 36 2913.802159.68 35 OPM %15.5111.94 -13.8410.23 - PBDT139.9073.03 92 457.18251.75 82 PBT133.1968.04 96 433.94233.75 86 NP98.4447.65 107 328.16171.61 91 Powered by Capital Market - Live News

Action Construction Equipment announced that the Board of Directors of the Company at its meeting held on 21 May 2024, inter alia, have recommended the final dividend of Rs 2 per equity Share (i.e. 100%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Action Construction Equipment will hold a meeting of the Board of Directors of the Company on 21 May 2024Powered by Capital Market - Live News

Net profit of Action Construction Equipment rose 89.83% to Rs 88.25 crore in the quarter ended December 2023 as against Rs 46.49 crore during the previous quarter ended December 2022. Sales rose 35.37% to Rs 753.11 crore in the quarter ended December 2023 as against Rs 556.33 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales753.11556.33 35 OPM %13.6411.12 - PBDT120.1966.41 81 PBT114.3062.03 84 NP88.2546.49 90 Powered by Capital Market - Live News