5327622022-07-012022-09-305327622022-09-305327622022-03-315327622022-04-012022-09-305327622022-07-012022-09-30in-bse-fin:OtherExpenses1Member5327622022-04-012022-09-30in-bse-fin:OtherExpenses1Member5327622022-07-012022-09-30in-bse-fin:ReportableSegments1Member5327622022-07-012022-09-30in-bse-fin:ReportableSegments2Member5327622022-07-012022-09-30in-bse-fin:ReportableSegments3Member5327622022-07-012022-09-30in-bse-fin:ReportableSegments4Member5327622022-04-012022-09-30in-bse-fin:ReportableSegments1Member5327622022-04-012022-09-30in-bse-fin:ReportableSegments2Member5327622022-04-012022-09-30in-bse-fin:ReportableSegments3Member5327622022-04-012022-09-30in-bse-fin:ReportableSegments4Member5327622022-07-012022-09-30in-bse-fin:ReportableSegments1Member5327622022-07-012022-09-30in-bse-fin:ReportableSegments2Member5327622022-07-012022-09-30in-bse-fin:ReportableSegments3Member5327622022-07-012022-09-30in-bse-fin:ReportableSegments4Member5327622022-04-012022-09-30in-bse-fin:ReportableSegments1Member5327622022-04-012022-09-30in-bse-fin:ReportableSegments2Member5327622022-04-012022-09-30in-bse-fin:ReportableSegments3Member5327622022-04-012022-09-30in-bse-fin:ReportableSegments4Member5327622022-07-012022-09-30in-bse-fin:ReportableSegments1Member5327622022-09-30in-bse-fin:ReportableSegments1Member5327622022-07-012022-09-30in-bse-fin:ReportableSegments2Member5327622022-09-30in-bse-fin:ReportableSegments2Member5327622022-07-012022-09-30in-bse-fin:ReportableSegments3Member5327622022-09-30in-bse-fin:ReportableSegments3Member5327622022-07-012022-09-30in-bse-fin:ReportableSegments4Member5327622022-09-30in-bse-fin:ReportableSegments4Member5327622022-07-012022-09-30in-bse-fin:ReportableSegments1Member5327622022-09-30in-bse-fin:ReportableSegments1Member5327622022-07-012022-09-30in-bse-fin:ReportableSegments2Member5327622022-09-30in-bse-fin:ReportableSegments2Member5327622022-07-012022-09-30in-bse-fin:ReportableSegments3Member5327622022-09-30in-bse-fin:ReportableSegments3Member5327622022-07-012022-09-30in-bse-fin:ReportableSegments4Member5327622022-09-30in-bse-fin:ReportableSegments4Member5327622022-07-012022-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15327622022-04-012022-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss1iso4217:INRiso4217:INRxbrli:shares532762ACENOTLISTEDINE731H01025ACTION CONSTRUCTION EQUIPMENT LIMITEDEquity2022-04-012023-03-312022-11-092022-10-28INRLakhsHalf yearlyMulti segment2022-11-0913:00:002022-11-0916:35:00trueCash Flow IndirectNot applicable2022-07-012022-09-30UnauditedStandalone491330000071800000498510000035863000000-313000002347000002130000038800000669800000451960000046550000004655000009810000010800000108900000035660000000003566000000356600000356600000023820000022.992.99002.992.99Notes to the Statement of unaudited financial results for the quarter and six months period ended 30 September 2022: <BR> <BR> 1 The above unaudited standalone and consolidated financial results for the quarter and six months period ended 30 September 2022 were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their respective meetings held on 09 November 2022. The Statutory Auditors of the Company have conducted "Limited Review" of these results in terms of Regulation 33 and Regulation 52(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time and have issued an unmodified review opinion. The standalone and consolidated financial results for the corresponding period and previous periods have been audited / reviewed by a firm other than B S R & Co. LLP. <BR> <BR> <BR> <BR> 2 The unaudited standalone and consolidated financial results have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standards (‘Ind AS’) prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules, 2015, as amended from time to time. <BR> <BR> <BR> 3 Earnings per share is not annualised for the quarter ended 30 September 2022, 30 June 2022 and 30 September 2021 and six months period ended 30 September 2022 and 30 September 2021. <BR> <BR> 4 On 23 May 2022, the Board of Directors had recommended a final dividend of Rs. 0.60 per equity share (face value of Rs. 2 per equity share) for the financial year ended 31 March 2022, which has been approved by the shareholders in the Annual General Meeting held on 20 September 2022. <BR> <BR> 5 The unaudited interim financial information of following entities have been consolidated with the financial results of the Company, hereinafter refer to as "the Group": <BR> <BR> Subsidiaries: Country <BR> SC Forma SA Romania <BR> Crane Kraft India Private Limited India <BR> Namo Metals (Partnership Firm) India <BR> <BR> 6 In the current period, management has identified certain prior period errors in classification of property, plant and equipment, right-of-use assets, investments, borrowings, trade payables and other current financial liabilities in the audited financial statements for the year ended 31 March 2022. These errors have been corrected by restating each of the affected financial results line items as at 31 March 2022 in accordance with Ind AS 8 “Accounting Policies, Changes in Accounting Estimates and Errors”. The following table summarises the impacts on the financial results: <BR> (Rs. in lakhs) <BR> Balance Sheet Standalone Consolidated <BR> Reported <BR> amount as at 31 March 2022 Restatement As at 31 March 2022 Reported <BR> amount as at 31 March 2022 Restatement As at 31 March 2022 <BR> Assets <BR> Non-current assets <BR> Property, plant and equipment 42,812 (101) 42,711 43,727 (176) 43,551 <BR> Right-of-use assets - 101 101 - 176 176 <BR> <BR> Financial assets <BR> Investments 7,572 1,143 8,715 6,878 1,143 8,021 <BR> <BR> Current assets <BR> Financial assets <BR> Investments 11,047 (1,143) 9,904 11,047 (1,143) 9,904 <BR> <BR> Liabilities <BR> Current liabilities <BR> Financial liabilities <BR> Borrowings 760 2,164 2,924 760 2,164 2,924 <BR> Trade payables (Total outstanding dues of creditors other than micro enterprises and small enterprises) 35,222 5,166 40,388 35,236 5,384 40,620 <BR> Other financial liabilities 9,218 (7,330) 1,888 9,447 (7,548) 1,899 <BR> <BR> There is no impact of such prior period errors on the statement of profit and loss and earnings per share for the year ended 31 March 2022. <BR> <BR> 7 Previous period figures have been re-grouped/ reclassified wherever necessary, to current period classification. <BR> <BR> 8 The certificate of Chairman and Managing Director (CMD) and Chief Financial Officer (CFO) in terms of Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 in respect of the above results has been placed before the Board of Directors. <BR> <BR> 9 The unaudited financial results of the Company for the quarter and six months period ended 30 September 2022 have been filed with BSE and NSE and are also available on Company's website "www.ace-cranes.com". The key financial information for the quarter ended 30 September 2022 are as under: <BR> (Rs. in lakhs) <BR> Particulars Standalone <BR> Quarter ended Six months ended Year ended <BR> 30 September 2022 30 June 2022 30 September 2021 30 September 2022 30 September 2021 31 March 2022 <BR> (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) <BR> Revenue from operations 49,133 49,857 36,090 98,990 68,241 1,63,034 <BR> Profit before tax 4,655 3,951 2,994 8,606 5,617 13,834 <BR> Profit after tax 3,566 2,884 2,303 6,450 4,235 10,591 <BR> Total comprehensive income 3,566 2,884 2,303 6,450 4,235 10,556 <BR> <BR> (Rs. in lakhs) <BR> Particulars Consolidated <BR> Quarter ended Six months ended Year ended <BR> 30 September 2022 30 June 2022 30 September 2021 30 September 2022 30 September 2021 31 March 2022 <BR> (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) <BR> Revenue from operations 49,183 49,768 36,090 98,951 68,241 1,62,958 <BR> Profit before tax 4,490 5,877 2,983 10,367 5,607 13,730 <BR> Profit after tax 3,386 4,527 2,291 7,913 4,222 10,500 <BR> Total comprehensive income 3,386 4,527 2,291 7,913 4,222 10,465 <BR> <BR> <BR> Additional disclosures as per Regulation 52(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended: <BR> The Commercial Papers of the Company outstanding (face value) as on 30 September 2022 were INR 2,500 Lakhs. <BR> Note: All notes for results as on 30th september, 2022 in PDF, filed with stock exchange on 09th November, 2022.2022-04-012022-09-30UnauditedStandalone989900000094500000999350000072074000000-3100000457600000376000008460000013488000009132900000860600000086060000020390000011700000215600000064500000000006450000000645000000645000000023820000025.425.42005.425.42Other expenses669800000Other expenses1348800000427230000034720000011630000002400000000013009000000017320000014741000000328000006266700000412110000098370000020455000006510000025790000088000007310000034341000000623200000817840000000144451000002382000007886300000812450000081245000000060000006000000251000001482000000017930000011045000004063300000341000000550880000054550000022100000649000000614130000000632060000014445100000Cranes3568800000Construction Equipment541600000Material Handling355500000Agri Equipment447400000Cranes7069600000Construction Equipment1061500000Material Handling734100000Agri Equipment1033800000491330000098990000000049133000009899000000Cranes457000000Construction Equipment36000000Material Handling37000000Agri Equipment4300000Cranes839400000Construction Equipment58600000Material Handling78900000Agri Equipment1850000053430000099540000021300000376000004750000097200000465500000860600000Cranes7540700000Construction Equipment1296900000Material Handling623300000Agri Equipment141360000010874500000357060000014445100000Cranes2909700000Construction Equipment956100000Material Handling312700000Agri Equipment75240000049309000001389700000632060000037600000-796400000-14190000002070000000-1812000000-784000000133900000-10000008460000006600000017600000010700000500000218000000-42700000001950000000-932700000-721000000001747000000-2468000000000000099300000201200000373400000753400000000000000000000500000218000000-24400000-4840000000000000081030000000140000003760000000771300000405000000405000002460000065100000Item that will not be reclassified to profit or loss00Item that will not be reclassified to profit or loss000000