Action Construction Q2 net up 15 pc

Construction equipment maker Action Construction Equipment (ACE) today posted 15.81 per cent rise in net profit for the September quarter at Rs 10.47 crore as against Rs 9.04 crore in the year-ago period.

Total income from operations rose to Rs 218.87 crore, an increase of 42.39 percent as against Rs 153.71 crore in the same period last year.

"Despite the negative sentiment that prevailed around the infrastructure sector, our revenues grew by 42 per cent over the last quarter. We will continue to grow organically and inorganically at a healthy rate, maintaining current margins. Our acquisitions in China and India will strengthen our dominance in Indian markets," executive director Sorab Agarwal said in a statement.