Action Construction Equipment (ACE) shares gained over 3% in early trade after the company reported its Q3 consolidated results, even as most operating metrics showed a year-on-year decline. The stock movement reflected market interest following the earnings announcement rather than a broad-based improvement in fundamentals.
For the December quarter, Action Construction Equipment reported revenue of ₹854.6 crore, down 2.3% from ₹875.1 crore in the same period last year.
Operating performance also softened on a YoY basis. EBITDA came in at ₹129.7 crore, registering a decline of 3.9% compared to ₹134.9 crore reported in Q3 last year. EBITDA margin stood at 15.2%, lower by 23 basis points from 15.4% in the corresponding quarter, reflecting pressure on operating profitability.
In contrast to the muted operating performance, net profit showed a modest improvement. ACE posted a net profit of ₹116.4 crore, up 4.2% from ₹111.7 crore in the year-ago period.
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