Bengaluru, July 21 -- A company that makes cranes, construction equipment, and agricultural machinery has kicked off the new financial year on a strong note, with both revenue and profit growing at a healthy clip. The results come at a time when the broader infrastructure and construction equipment industry is riding a wave of government spending, and the numbers suggest the company is capturing more than its fair share of that growth.With a market capitalization of Rs. 12,538 crore, the shares of Action Construction Equipment Limited were trading at Rs. 1,080 per share; the stock jumped 9 percent after the announcement, and they are trading at a P/E of approximately 29x.

Q1 Highlights

On a consolidated basis, total income for the quart...