ACE Chairman's Speech at 32nd AGM Highlights FY26 Performance
Action Construction Equipment Ltd (ACE) Chairman Vijay Agarwal delivered his speech at the 32nd Annual General Meeting, held virtually on September 18, 2026. He reviewed the company's performance for FY2025-26 amidst global economic uncertainty and India's strong growth trajectory. Despite a modest decline in revenue to ₹3,273.68 crores from ₹3,320.32 crores in FY2024-25, ACE achieved growth in EBITDA (₹622.36 crores vs ₹599.33 crores), Profit Before Tax (₹566.45 crores vs ₹543.11 crores), and Profit After Tax (₹425.42 crores vs ₹403.64 crores). Earnings Per Share (EPS) stood at Rs. 35.75. The Chairman highlighted the construction equipment industry's transition due to CEV Stage V norms and noted the resilience of the export market. The Board recommended a final dividend of 100% (₹2.00 per equity share).
Key Highlights
- FY26 revenue stable at ₹3,273.68 Cr; PAT grew to ₹425.42 Cr.
- EBITDA increased to ₹622.36 Cr, demonstrating improved profitability.
- EPS for FY26 reported at Rs. 35.75.
- Board recommends a 100% final dividend (₹2.00 per share).
- Company navigates global uncertainty with focus on Indian growth.
Price Impact
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