Key highlights are as follows
- ACE Q4 Consol YoY
- Revenue at Rs 457.4 cr vs 305.5 cr, up 40.7%
- PAT at Rs 38.6 cr vs 13.6 cr, up 2.8x
- ACE Construction, QoQ
- Reported revenues at Rs 465 cr vs 404 cr, up 15%
- Reported EBITDA at Rs 57.3 cr vs Rs 48.6 cr, up 18%
- Reported margins at 12.3% vs 12%
- Reported PAT at Rs 38.6cr vs Rs 31 cr, up 25%
Company
- Pick & carry cranes manufacturer with over 63% market share
- Strong industrial demand in Q4
- Saw sustained growth in the Agri and construction equipment segment
- Operating across infrastructure, construction, manufacturing, logistics, and agri sectors
- The company claims to be the world’s largest pick & carry crane manufacturer
- The company says it has a 16,000+ strong customer base with a significant presence across diversified sectors
- ACE has a significant presence across diversified sectors like construction, infrastructure, manufacturing, logistics, and agriculture
- The company is the world’s largest pick & carry cranes manufacturer with over 63% market share in the mobile cranes’ segment and a majority market share of more than 60% in the tower cranes segment domestically
- Additionally, ACE also offers crawler cranes, truck-mounted cranes, lorry loaders, backhoe loaders/loaders, vibratory rollers, motor graders, forklifts, tractors & harvesters and other construction equipment
- Apart from the domestic market the company also exports to over 25 countries across the Middle East, Africa, Asia, and Latin America.
Key growth drivers include:
- Upcoming metro projects across all major cities.
- Development of city roads, bridges, flyovers, elevated road corridors, water sewerage, transmission lines and distribution infrastructure etc.
- 100 smart cities being developed and rejuvenation of 500 others.
