ACE has achieved its highest-ever quarterly revenue and profits, continuing its growth momentum with a 16.6 per cent increase in Total Income on a year-on-year (YoY) basis. The company's EBITDA margins expanded by 204 basis points YoY, reaching 18.24 per cent, driven by operating leverage, a better product mix, and efficient cost control measures. The volumes for Cranes, Material Handling, & Construction equipment grew by 17.92 per cent YoY, with revenue increasing by 15.49 per cent YoY. Additionally, agri-equipment revenue rose by 24 per cent during the period.
Executive Director Sorab Agarwal shared that with a continued focus on customer centricity, execution and agility in operations, we have set ACE on the course of a predictable and sustained high-performance trajectory, and today, we have the opportunity to highlight our execution rigour through our best performance in the quarter gone by. Further, in the recently announced Union Budget 2025-26, the GoI has sustained its Infra focus, with its capex spending estimated to remain above 3 per cent of GDP for the third consecutive year. Productive Capex to create Infra assets is crucial for amplifying productivity, fueling further economic growth, enhancing global competitiveness and accelerating technological innovation in the country.
Regarding standalone performance, ACE saw a 15.93 per cent growth in operational revenue, which rose from Rs 753.15 Crore to Rs 873.10 Crore, marking the highest quarterly revenue in the company's history. EBITDA grew by 27.40 per cent to Rs 160.38 Crore, with EBITDA margins expanding by 154 basis points to 17.76 per cent. The company's Profit Before Tax (PBT) increased by 26.49 per cent to Rs 144.93 Crore, while Profit After Tax (PAT) grew by 21.05 per cent to Rs 107.15 Crore, both of which also showed margin expansions compared to the previous year.
The Company has sustained its growth momentum across all operating segments. In the Cranes, Material Handling & Construction Equipment segment during the quarter, ACE registered consolidated revenue of Rs 795.73 Crores compared to Rs 690.79 Crores in Q3 FY24, which is a growth of 15.19 per cent. The company recorded sales of 3539 units in the quarter, up by 17.92 per cent YoY. The margins also expanded by 375Bps YoY to Rs 154.38 Crores vis-à-vis Rs 108.10 Crores, registering a 42.81 per cent YoY growth.
The Agri Equipment Division has registered revenue of Rs 77.37 Crores with a 4.73 per cent margin. With adequate water reservoir levels and the Government's focus on Agri productivity, the company expects farm mechanisation to continue creating demand momentum in the Agri space.
For the nine months ending FY25, ACE saw a 13.75 per cent increase in operational revenue to Rs 2,361.07 Crore. EBITDA grew by 30 per cent, reaching Rs 428.07 Crore, while PBT and PAT increased by 27.37 per cent and 24.29 per cent, respectively. The company's EBITDA margins expanded by 202 basis points to 17.46 per cent, with PBT expanded by 151 BPS to 15.60 per cent and PAT margins expanded by 86bps to 11.63 per cent.
Further, our Hon. Finance Minister has presented the Union Budget 2025-26, which set out a realistic and inclusive vision for the nation. A mix of judicious and bold policy moves while maintaining fiscal discipline lays a strong foundation for a "Viksit Bharat". The share of capital expenditure outlay in the total budget has increased to 22.1 per cent in FY26 (BE) from 15.6 per cent in FY22. The government is focused on infrastructure, manufacturing, power, logistics, and housing sector development, which is good for our company. Going ahead, with our capacity built up, we are well prepared and ready for the future and remain optimistic about the company's prospects in the medium to long term.
