ACE Posts Robust Q3 FY25 – Total Income Up by 16.6 Percent YoY with Expanded Margins
Consolidated
Financial
Highlights; ACE
achieved
its
highest-ever
quarterly
revenue
and
profits,
reflecting
strong
growth
momentum.
The
company’s
total
income
increased
by
16.6%
year-on-year,
while
EBITDA
margins
expanded
by
204
basis
points
to
18.24%.
This
margin
expansion
was
driven
by
operating
leverage,
an
improved
product
mix,
and
efficient
cost-control
measures.
The
Cranes,
Material
Handling,
and
Construction
Equipment
segment
witnessed
a
volume
growth
of
17.92%
YoY,
with
revenue
rising
by
15.49%
YoY.
Additionally,
the
Agri
Equipment
segment
reported
a
robust
revenue
growth
of
24%,
further
strengthening
ACE’s
overall
performance.
Management
comments
On
ACE’s
performance,
Executive
Director,
Sorab
Agarwal
shared
that
with
continued
focus
on
customer
centricity,
execution
and
agility
in
operations,
we
have
set
ACE
on
the
course
of
a
predictable
and
sustained
high
performance
trajectory
and
today,
we
have
the
opportunity
to
highlight
our
execution
rigor
through
our
best
ever
performance
in
the
quarter
gone
by.
Further,
in
the
recently
announced
Union
Budget
2025-26,
the
GoI
has
sustained
its
Infra
focus
with
their
capex
spending
estimated
to
remain
above
3%
of
GDP
for
the
third
consecutive
year.
Productive
Capex
to
create
Infra
assets
is
crucial
for
amplifying
productivity
which
will
fuel
further
economic
growth,
enhance
global
competitiveness
and
accelerate
technological
innovation
in
the
country.
Financial
Performance
On
a
Standalone
basis,
the
operational
revenue
grew
by
15.93%
on
a
year
on
year
basis
from
Rs
753.15
Crores
to
Rs
873.10
crores,
which
is
our
best
ever
quarterly
revenue
so
far.
The
EBITDA
of
the
company
grew
by
27.40%
to
Rs.160.38
crores
as
against
Rs
125.89
crores
in
the
corresponding
quarter
last
year.
The
EBITDA
margins
expanded
by
154
bps
to
17.76%,
The
PBT
grew
by
26.49%
to
Rs
144.93
crores
against
Rs
114.58
Crores
and
stood
at
16.05%.
The
PAT
grew
by
21.05%
to
Rs
107.15
crores
against
Rs
88.52
Crores
and
stood
at
11.87%.
The
PBT
and
PAT
margins
expanded
129
BPS
and
46
BPS
respectively
on
YoY
basis.
We
are
delighted
to
share
that
these
are
the
best
quarterly
Revenues,
EBITDA,
PBT
and
PAT
numbers
in
the
company’s
history.
Margin
expansion
was
driven
by
operating
leverage,
better
product
mix
with
improved
price
realizations,
efficient
cost
control
measures
and
favorable
commodity
prices.
Segmental
Performance
The
Company
has
sustained
its
growth
momentum
across
all
operating
segments.
In
the
Cranes,
Material
Handling
&
Construction
Equipment
segment
during
the
quarter
gone
by,
ACE
registered
consolidated
revenue
of
Rs.
795.73
crores
as
compared
to
Rs
690.79
crores
in
Q3
FY24
which
is
a
growth
of
15.19%.
The
company
recorded
sales
of
3539
units
in
the
quarter
which
is
up
by
17.92%
YoY.
The
margins
also
expanded
by
375Bps
YoY
to
Rs
154.38
Crores
vis-à-vis
Rs
108.10
crores;
thereby
registering
a
growth
of
42.81%
YoY.
The
Agri
equipment
Division
has
registered
revenue
of
Rs.77.37
crores
with
4.73%
margin.
Going
forward,
with
adequate
water
reservoir
levels
and
Government’s
focus
on
Agri
productivity,
the
company
expects
farm
mechanization
needs
to
continue
creating
demand
momentum
in
the
Agri
space.
For
the
9
months
ended
FY25,
the
operational
revenue
grew
by
13.75%
as
compared
to
similar
period
of
FY24
and
stood
at
Rs
2,361.07
crores
with
EBITDA
of
Rs.428.07
crores
which
is
30%
growth
on
YOY
basis.
Our
PBT
grew
by
27.37%
to
Rs
382.61
crores.
The
PAT
stood
at
Rs.
285.23
Crores
which
grew
by
24.29%
on
YOY
basis.
The
EBITDA
margins
expanded
by
202
BPS
to
17.46%,
PBT
expanded
by
151
BPS
to
15.60%
and
PAT
margins
expanded
by
86bps
to
11.63%.
Further,
our
Hon.
Finance
Minister
has
presented
the
Union
Budget
2025-26
which
set
out
realistic
and
inclusive
vision
for
the
nation.
A
mix
of
judicious
and
bold
policy
moves
while
maintaining
fiscal
discipline
lays
down
a
strong
foundation
for
a
“Viksit
Bharat”.
The
share
of
Capital
expenditure
outlay
in
total
Budget
has
been
stepped
up
to
22.1%
in
FY26
(BE)
from
15.6%
in
FY22.
The
Government
is
focused
on
infrastructure,
Manufacturing,
Power,
Logistics
and
Housing
Sector
development,
which
augurs
well
for
our
company.
Going
Ahead,
with
our
capacity
built
up,
we
are
well
prepared,
future
ready
and
remain
optimistic
about
the
prospects
of
the
company
in
the
Medium
to
Long
term.
Cautionary
Statement, “Statements
made
in
this
release
may
contain
certain
forward-looking
statements
based
on
various
assumptions
on
the
Company’s
present
and
future
business
strategies
and
the
environment
in
which
it
operates.
Actual
results
may
differ
substantially
or
materially
from
those
expressed
or
implied
due
to
risks
and
uncertainties.
These
risks
and
uncertainties
include
the
effect
of
economic
and
political
conditions
in
India
and
abroad,
volatility
in
the
market,
new
regulations
and
Government
policies
that
may
impact
the
Company’s
businesses
as
well
as
the
ability
to
implement
its
strategies.
The
information
contained
herein
is
as
of
the
date
referenced
and
the
Company
does
not
undertake
any
obligation
to
update
these
statements.
The
Company
has
obtained
all
market
data
and
other
information
from
sources
believed
to
be
reliable
or
its
internal
estimates,
although
its
accuracy
or
completeness
cannot
be
guaranteed.”