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On tractor business, Sorab Agarwal, ED of Action Construction Equipment (ACE) said, Q1 was negative because of goods and services tax (GST) impact but in March quarter, he is hopeful to do about 20-30 percent growth in tractor business.
Action Construction Equipment (ACE) is in focus on the back of a mixed Q1. In an interview to CNBC-TV18, Sorab Agarwal, Executive Director of Action Construction Equipment spoke about the results and his outlook for the company.
In an interview to CNBC-TV18, Sorab Agarwal, ED of ACE spoke about the results and his outlook for the company.
Speaking to CNBC-TV18, Sorab Agarwal, ED of Action Construction Equipment said that he expect to maintain the current momentum in earnings.
Sorab Agarwal, ED, Action Construction Equipment is confident of the company‘s profit margins staying at 5-5.5 percent EBITDA levels. In addition, he sees an incremental rise in its revenues hereon.
Prabhudas Lilladher has come with its March quarterly earning estimates for capital goods sector. As per the research firm, the end of tightening cycle and meaningful reforms will be the key for the sector to move from underperformance to outperformance.
Prabhudas Lilladher has come out with its earning estimates on capital goods space sector for the quarter ended March 2011. According to the research firm, Action Construction Equipment March quarter sales are expected to go up by 44% at Rs 207.1 crore, year-on-year, (YoY) basis.
Prabhudas Lilladher has come out with its earning estimates on capital goods sector for the quarter ended December 2010. According to the research firm, Action Construction December quarter sales are expected to go up by 55% to Rs 165.7 crore, Year-on-Year, (Y-o-Y) basis.