Action Construction Equipment (ACE) Q2 24/25 earnings summary

Executive summary

• Achieved record Q2 FY25 revenue and margins, with operational revenue of INR 754.34 crores and EBITDA margin of 18.04%.

• H1 FY25 total income reached INR 1,552.7 crores, up 14.3% YoY, with EBITDA of INR 267 crores and PAT of INR 179 crores.

• Maintains leadership in mobile and tower cranes with over 63% and 60% domestic market share, respectively.

• Unaudited standalone and consolidated financial results for Q2 and H1 FY25 were approved by the Board on 8 November 2024.

• Statutory auditors issued an unmodified limited review report for both standalone and consolidated results.

Financial highlights

• Q2 FY25 operational revenue: INR 754.34 crores, up 12.2% YoY; PAT: INR 94.82 crores, margin 11.99%.

• EBITDA: INR 142 crores, up 34.47% YoY; margin expanded by 268 bps.

• H1 FY25 operational revenue: INR 1,488 crores, up 12.5% YoY; EBITDA up 37.72% to INR 267 crores.

• Diluted EPS for H1 FY25 stood at INR 15.03, a 26.5% increase YoY.

• Net debt to equity improved to -0.55, indicating a strong balance sheet.

Outlook and guidance

• Reiterated guidance of 15%+ growth in cranes, material handling, and construction equipment for FY25.

• Agri segment expected to grow 10-15% for the year.

• Company targets 15-20% overall revenue growth, with margin stability.

• Plans to increase export contribution to total revenues over the next 2-3 years.

• New product launches and compliance with global emission norms to drive international market opportunities.