ACE Chairman's Speech at 32nd AGM Highlights FY26 Performance & Growth Strategy
ACE's Chairman's Speech at the 32nd AGM highlighted FY26 standalone revenue of ₹3,273.68 crore and PAT of ₹425.42 crore. The company recommended a 100% dividend and emphasized growth strategies including exports and a new joint venture with KATO for heavy cranes. ACE also secured significant defence orders.
The announcement details the company's financial performance, strategic partnerships (KATO JV), significant orders (defence), and future growth outlook. These are material events that are likely to significantly influence investor perception and the company's future trajectory.
The Chairman's speech highlights strong financial performance despite challenges, strategic growth initiatives like the KATO joint venture and defence orders, and a positive outlook for India's economy and the construction equipment sector. The recommendation of a 100% dividend further reinforces positive sentiment.
Action Construction Equipment Limited (ACE) held its 32nd Annual General Meeting (AGM) on September 18, 2026, conducted virtually. Mr. Vijay Agarwal, Chairman & Managing Director, delivered a speech summarizing the company's performance for FY2025-26 and outlining its future growth strategy.
Despite global economic uncertainties, India remains a growth bright spot with an estimated GDP growth of 7.6% in FY2025-26, supported by government focus on infrastructure and manufacturing. The construction equipment industry experienced a transition with the implementation of CEV Stage V emission norms and slower project execution. However, ACE maintained a resilient performance.
On a standalone basis, revenue from operations for FY2025-26 was ₹3,273.68 crore, a slight decrease from ₹3,320.32 crore in FY2024-25. However, EBITDA increased to ₹622.36 crore from ₹599.33 crore, and Profit After Tax rose to ₹425.42 crore from ₹403.64 crore. Earnings Per Share (EPS) stood at ₹35.75.
The Board of Directors recommended a final dividend of 100% (₹2.00 per equity share), subject to shareholder approval at the AGM. ACE continues to hold a strong market leadership position in India, being the world's largest Pick & Carry Crane manufacturer with significant market share in Mobile and Tower Cranes.
Key strategic initiatives include growing international business, exporting to over 37 countries, and leveraging the CEV Stage V-compliant products for global opportunities. The company is also focusing on the defence sector, aligning with the 'Aatmanirbhar Bharat' vision, and has secured significant defence orders. A major development is the 50:50 Joint Venture, 'ACE KATO Private Limited,' with KATO WORKS CO., LTD. of Japan, focusing on the Heavy Crane Business to accelerate technology upgradation, product development, and global market access.
ACE continues to invest in manufacturing capacity, automation, and R&D to enhance productivity, efficiency, and reliability. The company was recognized as a 'Great Place To Work' in January 2026. ACE's CSR initiatives focus on healthcare, education, and community well-being, including the ACE Emergency Response Service Trust and efforts towards a dialysis center. The company is also pursuing 'GO GREEN' initiatives.
Looking ahead, ACE is confident in India's structural growth story, driven by infrastructure spending and manufacturing expansion. The company is committed to building a stronger ACE, creating stakeholder value, and contributing to a self-reliant India.
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