ACE Construction Equipment Reports Impressive Growth with 15-20% Hike in FY25

ACE Construction Equipment Year of Impressive Growth With 15-20%

Haryana-based Action Construction Equipment (ACE) has reported a remarkable performance in FY24, with annual sales increasing by 34.92% YoY to reach Rs 2913.80 crore, up from Rs 2159.68 crore in the previous year. The company's net profit saw an impressive jump of 91.22%, rising to Rs 328.16 crore compared to Rs 171.61 crore in FY23.

During Q4 FY24, ACE’s revenues experienced a growth of 36.17% YoY, reaching Rs 835.84 crore, up from Rs 613.84 crore in Q4 FY23.
 

Product Segment Performance

ACE’s management shared details about the growth across its product categories:

• Construction Equipment : Revenue surged by 54.82% YoY.
• Cranes : Revenues grew by 37.75% YoY.
• Material Handling: Recorded an increase of 8.6% YoY.
• Agriculture Division: Achieved growth of 12.6% YoY.
• Exports: Saw significant growth of 72% YoY, contributing to overall success. 

FY25 Growth Expectations 

Despite potential challenges from the general elections and the monsoon season, ACE is optimistic about achieving 15-20% revenue growth in FY25. Sorab Agarwal, Executive Director at ACE, commented, “Operating leverage, cost efficiencies, a better product mix, and stable or slightly declining commodity prices in the last quarter have supported our performance and will continue to drive growth.”
 

ACE’s Vision for Continued Success

ACE remains committed to leveraging its operational efficiency and innovative product mix to navigate challenges while aiming for sustainable growth. With strong results in FY24 and a clear focus on expanding its market reach, the company is poised to deliver another strong performance in FY25. This growth-focused strategy highlights ACE's resilience and adaptability in a competitive market environment.

Follow us for the Latest Infra Industry Updates

Facebook -  https://www.facebook.com/infrajunction/
Instagram - https://www.instagram.com/infra_junction/