Action Construction (ACE) reported a weak Q3FY20 performance wherein topline, EBITDA, PAT de-grew 20.2%, 13.8%, 15.1%, respectively, YoY. Headwinds in the cranes, tractors and material handling segment led to topline de-growth. EBITDA margins expanded ~58 bps YoY to 7.7% largely on the back of lower input cost. Overall, EBITDA, PAT were at | 22.4 crore, | 12.6 crore, respectively. Softened demand for cranes led revenue of cranes segment to fall 21.2% YoY to | 196.4 crore driven by ~31% decline in volume sold to ~1211 units. Construction equipment grew 14.5% YoY while...