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HomeEquipmentEquipment NewsAction Construction Equipment's net profit up 108.80% in Q4 FY24

Action Construction Equipment’s net profit up 108.80% in Q4 FY24

 Action Construction Equipment (ACE) has reported a growth of 108.80 per cent in its net consolidated profit during the quarter ended March 31, 2024. Its profit after tax stood at Rs 98.45 crore in Q4FY24 as against Rs 47.15 crore it recorded in the corresponding quarter of the previous fiscal, the company said in a BSE filing.

The company’s net consolidated total income stood at Rs 856.76 crore in Q4 FY24, a growth of 38.87 per cent from Rs 616.96 crore it recorded in the similar quarter last year.The board of directors recommended the dividend @ 100% i.e. Rs 2 per equity share of Rs 2 each for the financial year 2023-24.

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