Action Construction Equipment (ACE) Q4 24/25 earnings summary

Executive summary

• Achieved record annual and quarterly sales and profits in FY2025, with total income of INR 3,420 crore, up 14.47% year-over-year, and sustained Q4 growth.

• World's largest pick & carry crane manufacturer, holding 63% market share in mobile cranes and 60% in tower cranes domestically.

• Diversified operations across construction, infrastructure, manufacturing, logistics, and agriculture sectors.

• Secured the single largest defense order for 1,121 rough terrain forklifts worth INR 420 crore.

• Audited standalone and consolidated financial results for FY2025 were approved, with a recommended final dividend of INR 2.00 per share.

Financial highlights

• FY2025 total income rose 14.6% YoY to INR 34,274 Mn; Q4 FY2025 income up 13.1% YoY and 7.1% QoQ.

• FY2025 EBITDA increased 26.2% YoY to INR 6,061 Mn, with margin expanding to 17.68%; PAT grew 24.7% YoY to INR 4,092 Mn.

• Q4 FY2025 PAT was INR 118 crore, with PAT margin at 12.24%.

• Diluted EPS for FY2025 was INR 34.37, up 24.7% YoY.

• Crane, material handling, and construction group revenue exceeded INR 3,090 crore, up 15.55%.

Outlook and guidance

• FY2026 revenue growth guidance revised to 14%-15% due to market uncertainties, regulatory changes, and macro risks.

• Margins expected to remain stable at 17%-18%; volume growth anticipated at 7%-8%.

• Defense and exports together targeted to contribute 9%-10% of revenue in FY2026, aiming for 10%-15% medium-term.

• Full-year guidance to be revisited after Q2 based on industry adaptation to new emission norms and demand recovery.

• Subdued start to FY2026 anticipated due to geopolitical issues, tariff conflicts, new emission norms, and monsoon season.