216.00 -11.10 (-4.89%)
NSE Nov 26, 2021 15:31 PM
Volume: 639.2K
 

216.00
-4.89%

Highlights:

  • The company achieved its highest ever Q2 Revenues, EBITDA and PAT Margins
  • ACE continued to post robust Margins due to sustained focus on cost efficiencies, higher operating leverage and better product mix. The PBT and PAT grew by 56% and 57% YoY respectively.
  • Strong Revenue growth of 35% YoY across all segments :
    • Cranes grew by 45% YoY
    • Construction Equipment Segment grew by 30% YoY
    • Material Handling Equipment grew by 42% YoY
    • Agri Equipment was down by 6% YoY due to erratic monsoon
  • ACE expanded its business in the Defence Sector by getting an order for “Multi Purpose Tractors” from the Ministry of Defence (Army).
  • The company also received a letter of Intent for manufacturing and supply of Special Knuckle Boom Cranes designed by ACE for Ministry of Defence
  • Successfully completed QIP of Rs. 135.52 crores from a diverse mix of marquee investors in September 2021.
  • Going forward, the unwavering focus of the government on Infrastructure space and the launch of PM Gati Shakti National Master Plan augur well for demand, however, we anticipate inflation to continue in Q3-FY22 which may put the margins under pressure.

 

Result PDF

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Number of FII/FPI investors increased from 29 to 37 in Sep 2021 qtr.
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