ACE, a leading player in the construction and agricultural equipment sectors, has announced its stellar financial performance for the third quarter of FY25, highlighting a 16.6 per cent year-on-year growth in total income and significant margin expansion. Financial Highlights: • Record Quarterly Revenue & Profit: ACE registered its highest-ever quarterly revenue and profits, with total income increasing by 16.6 per cent compared to the same quarter last year. • EBITDA Margin Expansion: EBITDA margins expanded by 204 basis points (bps), reaching 18.24 per cent. The improvement in margins is attributed to operating leverage, an enhanced product mix, and effective cost control measures. • Strong Segment Performance: The company’s Cranes, Material Handling & Construction equipment volumes saw a growth of 17.92 per cent YoY, while revenue from this segment grew by 15.49 per cent. The Agri Equipment division also reported impressive results, with revenue climbing 24 per cent compared to Q3 FY24. Sorab Agarwal, Executive Director of ACE, emphasized the company’s focus on customer-centricity, operational agility, and execution excellence as the drivers behind the quarter’s remarkable performance. He stated that ACE is now on a path toward sustained high performance, supported by strong execution in its operations. Agarwal also highlighted the recent Union Budget for FY25-26, which continues the Government of India’s infrastructure focus, with capital expenditure (capex) projected to remain above 3 per cent of GDP for the third consecutive year. The ongoing push for infrastructure development is expected to further fuel economic growth and technological innovation, aligning with ACE’s long-term strategic goals. Standalone Financial Performance: • Revenue: ACE’s standalone revenue for Q3 FY25 grew by 15.93 per cent year-on-year, reaching a record high of Rs 8.73 billion, up from Rs 7.53 billion in Q3 FY24. • EBITDA: The company’s EBITDA surged by 27.4 per cent to Rs 1.60 billion, from Rs 1.25 billion in the same quarter last year. • Profitability: Profit Before Tax (PBT) grew by 26.49 per cent to Rs 1.44 billion, while Profit After Tax (PAT) increased by 21.05 per cent to Rs 1.07 billion. Both PBT and PAT margins expanded, reflecting improved operational efficiency and cost management. Segmental Performance: • Cranes, Material Handling & Construction Equipment: This segment reported a 15.19 per cent increase in revenue, reaching Rs 7.95 billion compared to Rs 6.90 billion in Q3 FY24. The company sold 3,539 units, up by 17.92 per cent YoY, and recorded a 42.81 per cent increase in segmental profit, which grew to Rs 1.54 billion. • Agri Equipment Division: This segment generated revenue of Rs 0.77 billion, with a margin of 4.73 per cent. The company is optimistic about continued growth in the agricultural sector, driven by favourable weather conditions and the government's focus on agricultural productivity. Year-to-Date Performance: • For the first nine months of FY25, ACE’s operational revenue increased by 13.75 per cent to Rs 2,361.07 crores, with EBITDA growing by 30 per cent to Rs 4.28 billion. Both PBT and PAT also saw substantial growth, increasing by 27.37 per cent and 24.29 per cent, respectively. The company’s EBITDA margins expanded by 202 bps to 17.46 per cent, reflecting strong operational control. Looking ahead, ACE remains optimistic about its growth prospects, supported by the government’s infrastructure spending plans and a favourable market environment. The company’s management is confident that its strengthened capacity and future readiness position ACE for continued success in the medium to long term. Additionally, the recent Union Budget for FY25-26, with a heightened focus on infrastructure, manufacturing, and housing sectors, is expected to drive further growth in ACE’s key business segments.