Action Construction Equipment Limited (ACE) reported a robust financial performance for the third quarter of the fiscal year 2024-25, with consolidated revenue from operations reaching ₹87,511 lakh, marking a 16% increase from ₹75,311 lakh in the same quarter last year.
The company’s net profit after tax stood at ₹11,168 lakh for the quarter ending December 31, 2024, reflecting an increase from ₹8,824 lakh in Q3 FY24. Meanwhile, total comprehensive income reached ₹11,168 lakh, further strengthening ACE’s financial position.
The company witnessed notable growth in its Cranes, Material Handling, and Construction Equipment segment, which contributed ₹79,774 lakh in revenue, up from ₹69,075 lakh in the previous year’s quarter. The Agriculture Equipment segment remained steady, generating ₹7,737 lakh compared to ₹6,236 lakh in Q3 FY24.
Profit before tax for the quarter rose to ₹14,949 lakh, a significant increase from ₹11,430 lakh in the corresponding period last year. The company attributed the growth to increased demand, efficient cost management, and expanding market reach.
Following the announcement, ACE’s stock showed positive movement, reflecting investor confidence in the company’s growth trajectory.
“We are pleased with the consistent growth across our key segments. Our focus remains on expanding our market presence while maintaining operational efficiency,” said Vijay Agarwal, Chairman & Managing Director of ACE.
The company’s financial results were reviewed and approved by the Board of Directors on February 7, 2025. ACE continues to focus on innovation and expansion to sustain its market leadership.
