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 Q4 FY2025 income of INR 967 crore, up 12.98% year-over-year.

• 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 largest-ever defense order for 1,121 rough terrain forklifts and telehandlers worth INR 420 crore.

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

Financial highlights

• FY2025 consolidated revenue was INR 3,32,705 lakhs, up from INR 2,91,380 lakhs year-over-year.

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

• Q4 EBITDA at INR 171.26 crore; PBT and PAT at INR 160 crore and INR 118 crore, respectively.

• Diluted EPS for FY2025 was INR 34.37, up 24.7% year-over-year.

• Blended price realization increased 7%-8% due to new emission norms.

Outlook and guidance

• FY2026 revenue growth guidance revised to 14%-15% with stable margin profile.

• Defense and exports expected to contribute 9%-10% of revenue in FY2026, targeting 10%-15% medium term.

• Cautiously optimistic due to temporary demand softness from emission norm changes, geopolitical issues, and monsoon season.

• Previous target to double FY2023 revenue by FY2026 likely to be achieved by FY2027.