Action Construction Equipment reports PAT at Rs27.40cr in Q3 FY'22; stock dips near 6%

7 Feb 2022 , 02:14 PM

Action Construction Equipment Ltd.’s consolidated revenue from operations for December 2021 quarter stood at Rs 441.50 crore as against Rs 404 crore for December 2020 quarter, up by 9.3% YoY. Revenue for the quarter ended September 2021 stood at Rs 363.20 crore, reflecting a sequential growth of 21.6%. Its total income for the 9M period ended December 2021 stood at Rs 1,128.60 crore as against Rs 777.50 crore for the previous corresponding period, up by 45.2% YoY.

Its EBITDA for Q3 FY’22 was reported at Rs 44.20 crore against Rs 48.70 crore for Q3 FY’21, registering a decline of 9.2% YoY. EBITDA for the previous quarter was Rs 36.90 crore, reflecting 19.8% growth in the current quarter. EBITDA for the current 9M period stood at Rs 113.80 crore as compared to Rs 76.90 crore for the previous 9M period, registering a growth of 48% YoY.

Its PAT for the quarter ended December 2021 stood at Rs 27.40 crore against the loss of Rs 30.90 crore for the quarter ended December 2020, a decline of 11.3% YoY. However, it recorded a growth of 19.7% over the last quarter’s PAT at Rs 22.90 crore. PAT for the 9M period ended December 2021 was reported at Rs 69.60 crore as against Rs 41.20 crore, up by 69% YoY.

Its EBITDA margin settled at 10.01% for Q3 FY’22 against 12.05% in Q3 FY’21, shedding 204 bps year-on-year. Company’s PAT margin stood at 6.21% for the current quarter against 7.65% for the previous corresponding quarter, down by 144 bps YoY.

Despite recording substantial growth in the quarter, ACE’s stock fell by 6.52% at Rs 221.60 against its previous closing price of Rs 237.05. It touched the day’s low of Rs 221.45 so far.