Construction Vehicles

Action Construction Equipment expects growth of 15-20% in FY25

Action Construction Equipment (ACE) is hopeful of over 15-20% revenue growth in FY25. This growth is expected despite the potential short-term impacts of the ongoing general election and the upcoming monsoon season.

Sorab Agarwal, Executive Director at ACE, stated, “Operating leverage coupled with cost efficiencies, a better product mix, and most importantly commodity price, which has been stable or rather on a slight decline in the last quarter, aided us.”

The ACE’s annual sales increased by 34.92% YoY, reaching Rs 2913.80 crore in FY24, up from Rs 2159.68 crore in the previous year. The company’s net profit during the same period jumped a record 91.22% to Rs 328.16 crore in FY24, compared to Rs 171.61 crore in FY23.

On a quarterly basis, ACE’s revenues during Q4 FY24 saw a spike of 36.17% to Rs 835.84 crore, up from Rs 613.84 crore in Q4-FY23.

ACE management highlighted that its construction equipment revenues surged by 54.82% YoY. The revenues from cranes grew by 37.75% YoY. The material handling segment likewise increased by 8.6% YoY. Similarly, the agriculture division witnessed a growth of 12.6% YoY. Lastly, exports contributed with 72% YoY growth.

Gaurav Sharma

Meet Gaurav, your trusted source for all things related to commercial vehicles on 91Trucks.com. With a profound passion for the world of trucks, buses, and heavy-duty machinery, Gaurav is the driving force behind the insightful articles you'll find on this platform. For Gaurav, commercial vehicles are more than just a means of transportation; they represent a captivating blend of engineering brilliance, innovation, and economic significance. Whether it's the latest trends in the industry, detailed analyses of specific models, or expert advice on purchasing, maintaining, and operating commercial vehicles, Gaurav's articles provide invaluable insights for both enthusiasts and industry professionals. Gaurav's journey into the world of commercial vehicles commenced with a childhood fascination for trucks that only intensified over the years. His thorough research and hands-on experience have equipped him with a unique perspective that shines through in every article he crafts. When he's not immersed in the world of commercial vehicles, Gaurav enjoys sharing his knowledge through engaging and informative blogs. Whether you're a fleet manager, a truck enthusiast, or simply intrigued by the captivating universe of commercial vehicles, Gaurav's articles on 91Trucks.com are your portal to a treasure trove of knowledge.

Recent Posts

ZELIO Ebikes Rebrands to ZELIO E Mobility Ltd. as it Expands Vision for Electric Mobility

The rebranding follows the company’s recent foray into the electric rickshaw market, marking its first…

1 day ago

Bharat Mobility Show 2025: Tata Leads the Charge as Auto Giants Gather in Delhi for World’s Biggest Auto Expo

The Bharat Mobility Show 2025, set to take place in Delhi, is gearing up to…

1 day ago

What is the Ticket Price for Auto Expo 2025 and Where to Get Online Tickets?

Auto Expo 2025, one of India's premier automotive events, is scheduled from January 17 to…

1 day ago

Bharat Mobility Global Expo 2025: Tata Motors Highlights Eco Friendly, Smart, and Feature-Rich Vehicles

The Bharat Mobility Global Expo 2025 is a stage for manufacturers to showcase their latest…

1 day ago

Tata Motors at the Bharat Mobility Global Expo 2025: Defining Future Mobility

The Bharat Mobility Global Expo 2025 is going to be a landmark show for the…

1 day ago

5 Game-Changing Commercial Vehicles to Watch at Auto Expo 2025

The Auto Expo 2025 is set to redefine the commercial vehicle industry with groundbreaking innovations…

2 days ago