Earning Presentation of Q4 FY 2025-26 is attached herewith.
ACE · price
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ACE reported its highest ever quarterly revenue of ₹10,234 million in Q4 FY26, up 5.6% YoY, though profit after tax declined 6.5% to ₹1,109 million due to margin pressure. For the full year FY26, total income fell 1.1% to ₹33,905 million but EBITDA rose 1.3% to ₹6,140 million with margins expanding 43 basis points to 18.11%. The company entered a 50:50 joint venture with KATO WORKS CO., LTD to strengthen its heavy crane business. Cranes segment volumes declined to 10,853 units in FY26 from 13,360 in FY25. Management attributed margin expansion to favorable product mix, improved pricing, and benign commodity costs, while expressing optimism on long-term infrastructure growth prospects.
ACE delivered resilient full-year margins despite a slight revenue decline, with the new KATO JV positioning it for heavy crane market growth. Near-term Q4 margin pressure and volume weakness in key segments may weigh on near-term sentiment.