Action Construction Equipment Limited has informed the Exchange about Transcript

ACE reported Q1 FY26 total income of Rs 703 crores, down 7.63% YoY due to CEV Stage V emission norms, pre-buying in Q3-Q4 of last year, and weak customer sentiment. Despite the revenue dip, margins expanded sharply: EBITDA grew 13.6% to Rs 142.55 crores (20.28% margin, up ~300 bps), PBT rose 13.66% to Rs 126.64 crores, and PAT grew 15.67% to Rs 96.83 crores. The Cranes/CE/Material Handling segment reported revenue of Rs 605.43 crores with margin expansion of 279 bps, while Agri segment grew 8.26% to Rs 46.51 crores. Management expects demand to normalize from Q2 onwards, with the first half typically contributing 40-45% of annual revenues. Export revenue was Rs 27 crores in Q1, expected to grow from 4% to 6-7% of total revenue, with a combined export and defence target of 10% this year. Construction equipment and road machinery segment is expected to grow 30-40% this year. Management revised its revenue target: Rs 4,400 crores by FY27 (instead of FY26) and tripling to Rs 6,600 crores by FY29.