Looking at 18-20% growth for FY18: ACE

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.

Looking at 18-20 percent growth for FY18, he said.

On agricultural business, he said, “We are very confident on agricultural business and will be able to increase our revenues by 20-30 percent in this year.”

Speaking about margins, he further mentioned that, going forward in FY19 we should easily be doing upwards of 10-11 percent on a consolidated basis.