Action Construction Equipment Limited (ACE) reported consolidated revenue from operations of ₹886.09 crore for the second quarter ended September 30, 2026, registering year-on-year growth of 19.1% compared with ₹744.24 crore in the corresponding quarter last year.
Consolidated net profit increased 82.4% to ₹164.25 crore from ₹90.06 crore in Q2 FY26. The profit includes a one-time exceptional gain of ₹50 crore arising from the transfer of the company’s heavy cranes business undertaking to ACE KATO Private Limited, a joint venture with Japan-based Kato Works Co. Ltd. On a standalone basis, revenue from operations grew 19.2% to ₹883.52 crore, while net profit increased 57% to ₹162.97 crore.
Excluding the exceptional gain, consolidated profit before tax stood at ₹166.90 crore, up 34.9% from ₹123.69 crore in the year-ago quarter. Standalone profit before tax before exceptional items was ₹165.39 crore against ₹137.49 crore.
The exceptional gain arose from the transfer of net assets with a carrying value of ₹19.70 crore to ACE KATO. In return, ACE received equity shares in the joint venture with a fair value of ₹119.70 crore. The resulting gain of ₹50 crore represents the portion attributable to the other party’s interest. ACE KATO has been classified as a joint operation under Ind AS 111. ACE and Kato Works each hold a 50% stake in the venture.
Consolidated adjusted EBITDA margin, excluding other income, improved to 15.11% in Q2 FY27 from 14.64% in Q2 FY26 and 15% in Q1 FY27. Standalone operating margin was 14.97%, compared with 14.94% a year earlier. For H1 FY27, consolidated revenue increased 19.7% to ₹1,671.77 crore from ₹1,396.32 crore. Consolidated profit after tax rose 51.1% to ₹283.74 crore from ₹187.78 crore. Adjusted EBITDA margin for the half year improved to 15.06% from 14.45% in H1 FY26.
The Cranes, Material Handling and Construction Equipment division remained the main revenue contributor, recording consolidated segment revenue of ₹790.58 crore in Q2 FY27 against ₹697.11 crore a year earlier. The Agriculture Equipment segment reported revenue of ₹50.47 crore, compared with ₹49.29 crore.
Consolidated basic earnings per share stood at ₹13.80 for Q2 FY27 against ₹7.57 in Q2 FY26. For H1 FY27, basic EPS was ₹23.84 compared with ₹15.78. ACE’s consolidated total assets increased to ₹3,759.32 crore as of September 30, 2026, from ₹3,251.68 crore at the end of March 2026. The increase in inventories and working capital requirements affected operating cash flow, which was negative ₹9.19 crore on a consolidated basis for the six-month period. The company’s performance reflects continued growth in its construction equipment and material handling businesses, supported by higher revenue and improved operating margins.
Action Construction Equipment Limited (ACE) is among India’s leading manufacturers of construction and material handling equipment. The company produces a wide range of products including cranes, loaders, forklifts and agricultural machinery. ACE operates manufacturing facilities in Haryana, India, and serves customers across multiple sectors including infrastructure, construction, logistics and agriculture.
