Action Construction Equipment (ACE) reported robust Q4FY21 numbers led by strong performance from all segments. Margins improved on a YoY basis but were down sequentially on account of higher input cost. Revenue for the quarter came in at | 457.4 crore, up 49.7% YoY, 14% QoQ. Gross margins contracted ~239 bps YoY, ~156 bps QoQ on account of the recent run up in steel prices. Employee cost was down 18% YoY while other expenses increased 30% YoY. Consequently, EBIDTA increased 82.4% YoY to | 50 crore with an expansion of ~196 bps YoY & contraction of 36 bps...