Q4FY21 Company Update - Action Construction Equipment - ICICI Direct

Action Construction Equipment (ACE) reported robust Q4FY21 numbers led by strong performance from all segments. Margins improved on a YoY basis but were down sequentially on account of higher input cost. Revenue for the quarter came in at Rs. 457.4 crore, up 49.7% YoY, 14% QoQ. Gross margins contracted ~239 bps YoY, ~156 bps QoQ on account of the recent run up in steel prices. Employee cost was down 18% YoY while other expenses increased 30% YoY. Consequently, EBIDTA increased 82.4% YoY to Rs. 50 crore with an expansion of ~196 bps YoY & contraction of 36 bps QoQ in EBIDTA margins which came in at 10.9%. Subsequently, PAT came in at Rs. 38.8 crore, up 182% YoY. For FY21, ACE posted a revenue increase of 6% led by robust performance in H2. The company reported cash flow to the tune of Rs. 86.05 crore during the period.

For details, click on the link below: Link to the report

Shares of ACTION CONSTRUCTION EQUIPMENT LTD. was last trading in BSE at Rs.166 as compared to the previous close of Rs. 169.45. The total number of shares traded during the day was 30491 in over 1511 trades.

The stock hit an intraday high of Rs. 173.95 and intraday low of 163.8. The net turnover during the day was Rs. 5116640.

Source : Equity Bulls

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