Action Construction Equipment Q1 PAT Up 24% to Rs 84.57 cr

New Delhi, Jul 31 (PTI) Action Construction Equipment Ltd on Wednesday reported a 24 per cent rise in consolidated profit after tax (PAT) at Rs 84.57 crore in the April-June quarter of this financial year, mainly on account of higher income.

It had reported a PAT of Rs 67.57 crore during the April-June period of the preceding 2023-24 fiscal, the construction equipment maker said in an exchange filing.

The total income also increased to Rs 761.81 crore, up 14 per cent from Rs 667.85 crore a year ago.

"The company has maintained its growth momentum in the first quarter of the current fiscal year. The company has been able to deliver its best ever quarterly performance in Q1 FY25," Action Construction Equipment Executive Director Sorab Agarwal said.

The company garnered a revenue of Rs 690.67 crore from the cranes, construction equipment and material handling segment, while its agri-equipment division earned a revenue of Rs 42.96 crore.

Action Construction Equipment Ltd is among India's leading material handling and construction equipment manufacturing companies.