ACE registered its best-ever Q2 i.e. Jul-Sep quarter in terms of revenue and margins. Continued growth momentum with operational revenue growing by 12.2% on a YoY basis. EBITDA Margins expand by 268 bps YoY to 18.04%. Margin expansion continued, driven by operating leverage, a better product mix and efficient cost control measures. Cranes, Material Handling & Construction equipment Volumes grew by 9% YoY, Revenue grew by 13.11% YoY
The operational revenues grew by 12.20% on a YoY basis to Rs. 754.34 Crs. with an EBIDTA margin of 18.04%. The EBITDA during the quarter expanded by 268 bps and increased to Rs. 142.19 Crs. in comparison to Rs. 105.74 Crs. on a yearly basis, which is a growth of 34.47%. The PBT expanded by 199 bps to Rs. 126.26 crores and the PAT expanded by 127 bps to Rs. 94.37 crores on a YoY basis. The PBT and PAT margins stood at 16.01% and 11.97% respectively. Margin expansion continued, driven by operating leverage, better product mix with improved price realizations, efficient cost control measures and favourable commodity prices.
The Company has sustained its growth momentum across all operating segments. In the Cranes, Material Handling & Construction Equipment segment during the quarter gone by, ACE registered consolidated revenue of Rs. 693.07 crores as compared to Rs 612.74 crores in Q2 FY24 which is a growth of 13.11%. The company recorded sales of 2863 units in the quarter which is up by 9% YoY. The margins also expanded to Rs 127.41 Crores vis-à-vis Rs 91.16 crores; thereby registering a growth of 39.77% YoY.
The Agri equipment Division has registered revenue of Rs.61.27 crores with 3.85 % margin. Going forward, with adequate water reservoir levels, better liquidity, and consumer credit availability, the company expects the demand momentum to improve in the Agri space.
Further, for the H1 FY25, the company has been able to grow its operational revenues by 12.50% to Rs. 1,488 Crs. On the half yearly basis, EBITDA grew by 31.72% to Rs 267.7 Crores, the PBT grew by 27.9% and PAT grew by 26.32% to Rs. 237.68 Crores and Rs 178 Crores respectively. For H1FY25, the margin profile of the company stood at 17.28% EBITDA, 15.34% PBT and 11.49% PAT which represents a healthy margin expansion YoY.
