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.
Sorab Agarwal, managing director, Action Construction Equipment, denies the news that L&T Capital is planning to acquire stake in the open market of Action Construction Equipment (ACE).
Action Construction Equipment (ACE) is in advanced talks to acquire a Chinese company. The cost of this acquisition would be around Rs 40-50 crore. Sorab Agarwal, managing director of the company, in an interview with CNBC-TV18's Latha Venkatesh and Gautam Broker, mentioned that the Chinese company is in the similar trade as ACE.
Sorab Agarwal, Managing Director of the company, in an interview with CNBC-TV18’s Ekta Batra and Reema Tendulkar, said that the last year was very good for the company and expects a topline growth of 40-45% this year.
In an interview with CNBC-TV18, Sorab Agarwal, MD, Action Construction Equipment (ACE) says, this year has been pretty good for the company. “We should be exceeding 50% top-line growth and bottom-line growth should be around 90% by end of March,” he adds.
Sorab Agarwal, the Managing Director of ACE, in an exclusive interview with CNBC-TV18’s Ekta Batra and Reema Tendulkar, says that the company is confident to see a top line growth of 45% to 50% in FY12.