ACE Posts Robust Q3 FY25 - Total Income Up by 16.6 Percent YoY with Expanded Margins
Feb 11, 2025
New Delhi [India], February 11: Consolidated Financial Highlights; ACE achieved its highest-ever quarterly revenue and profits, reflecting strong growth momentum. The company's total income increased by 16.6% year-on-year, while EBITDA margins expanded by 204 basis points to 18.24%. This margin expansion was driven by operating leverage, an improved product mix, and efficient cost-control measures. The Cranes, Material Handling, and Construction Equipment segment witnessed a volume growth of 17.92% YoY, with revenue rising by 15.49% YoY. Additionally, the Agri Equipment segment reported a robust revenue growth of 24%, further strengthening ACE's overall performance.