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Action Construction Equipment (ACE) investor relations material
Action Construction Equipment Q3 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 FY26 total income was flat year-over-year at INR 888 crore (INR 8,904 Mn), with EBITDA margin at 18.5-18.59% and PAT up 4.2-8.15% to INR 115.88 crore (INR 1,164 Mn).
Nine-month FY26 income declined 3.21-3.7% year-over-year to INR 2,373 crore (INR 23,671 Mn), but EBITDA grew 3.2-7.15% to INR 458 crore (INR 4,477 Mn), and PAT rose 4.6-11% to INR 316 crore (INR 3,042 Mn).
Sequentially, Q3 operational revenues grew 15% quarter-on-quarter, with margin expansion despite a one-time INR 5.5 crore provision for new labor codes.
Leading manufacturer with over 30 years in the industry, holding 63%+ market share in mobile cranes and ~60% in tower cranes domestically, exporting to 37+ countries.
Board approved unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025.
Financial highlights
Q3 EBITDA grew 0.2-2.48% year-over-year to INR 164 crore (INR 1,655 Mn); margin expanded 35-74 bps to 18.5-18.59%.
Q3 PAT up 4.2-8.15% to INR 115.88 crore (INR 1,164 Mn); PAT margin expanded 73-117 bps to 13.04-13.07%.
Nine-month EBITDA margin expanded 125-186 bps to 18.91-19.32%; PAT margin for 9M FY26 at 12.85% (up 102 bps YoY).
Diluted EPS for Q3 FY26 at INR 9.78 (up 4.3% YoY); for 9M FY26 at INR 25.56 (up 4.7% YoY).
Gross margins improved to 32-34% from 29-30% due to cost efficiencies, product mix, and pricing power.
Outlook and guidance
FY26 revenue expected to be flat to slightly positive in value terms; volume decline anticipated but recovery expected next year.
Medium to long-term growth prospects remain strong, with capacity to support INR 5,500-6,000 crore revenue.
Management targets INR 6,000-7,000 crore revenue by FY29/30, with no external funding required.
Positive medium- to long-term outlook driven by government capex, infrastructure, manufacturing, power, and housing sector growth.
EBITDA margin guidance for FY27/28 is 18-19% (including other income), 15% (excluding other income).
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Merger vote includes new non-voting stock class with limited conversion and no voting rights.
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