Action Construction Equipment (ACE) Q4 23/24 earnings summary

Executive summary

• Achieved record financial performance in FY24 with highest-ever revenue, profit, and margins; consolidated revenue up 36% to ₹2,991 Cr, EBITDA up 83% to ₹480 Cr, and PAT up 90% to ₹328 Cr year-over-year.

• Strong growth across all business segments, supported by robust infrastructure and manufacturing sector demand, government initiatives, and export expansion.

• Continued leadership in cranes and construction equipment, with innovation and sustainability as key drivers.

Financial highlights

• Consolidated revenue rose 36% to ₹2,991 Cr in FY24 from ₹2,200.8 Cr in FY23; EBITDA increased 83% to ₹480.35 Cr; PAT grew 89.7% to ₹328.2 Cr.

• EPS (diluted) nearly doubled to ₹27.56 from ₹14.41 year-over-year.

• Standalone revenue from operations increased 34.9% to ₹2,911.54 Cr; standalone PAT up 103.3% to ₹327.64 Cr.

• Final dividend of ₹2.00 per share recommended for FY24.

Outlook and guidance

• Positive outlook for infrastructure, construction, and agriculture equipment segments, driven by government capex, PLI schemes, and rural development.

• Company expects to benefit from India's multi-year growth cycle, export expansion, and new product launches.