172@29@17@151!~!172@29@0@53!~!|news|business|earnings|expect-20-30-growth-in-agri-business-in-fy18-action-construction-equipment-2445357.html!~!|controller|infinite_scroll_article.php
Moneycontrol
Financial Freedom Offer: Subscribe to Moneycontrol Pro and grab benefits worth ₹15,000/-
Last Updated : Nov 23, 2017 11:25 AM IST | Source: CNBC-TV18

Expect 20-30% growth in agri business in FY18: Action Construction Equipment

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.

CNBC TV18

Action Construction Equipment (ACE) has posted a strong Q2 with a doubling of the EBITDA. In an interview with CNBC-TV18, Sorab Agarwal, ED of the company spoke about the results and his outlook for the company.

We are seeing a lot of demand and more sell of equipment in the industry side of our business along with infra, he said.

On tractor business, he 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.

Close
For full interview, watch accompanying video...
First Published on Nov 23, 2017 11:25 am
Sections