Revised Earning Call Transcript of FY Q1FY27 is attached herewith

Action Construction Equipment Limited Corporate & Registered Office Dudhola Link Road, Dudhola, Distt. Palwal-121102, Haryana, India Date: July 24, 2026 The Manager Listing The Manager Listing BSE Limited National Stock Exchange of India Ltd. 5th Floor, P.J. Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Bandra (E), Mumbai-400001 Mumbai-400051 Scrip Code: 532762 CM Quote: ACE Subject: Earnings Call Transcript Q1FY27. Dear Sir/Madam, Pursuant to Regulation 30 and 46 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith, Earnings Call Transcript (Q1FY27) of the Company. Kindly take the above in your record. Thanking You. Yours faithfully, For Action Construction Equipment Limited Anil Kumar Company Secretary & Compliance Officer Corporate Office: Phone: +91-1275-280111 (50 Lines), Fax: +91-1275-280133, E-mail: works2@ace-cranes.com Mktg. H.Q.: 4th Floor, Pinnacle, Surajkund, Faridabad, NCR-121009, Phone: +91-129-4550000 (100 Lines), Fax: +91-129-4550022, Email: marketing@ace- cranes.com Customer Care No.:1800 1800 004 (Toll Free), CIN: L74899HR1995PLC053860, Website: www.ace-cranes.com “Action Construction Equipment Limited Q1 FY27 Earnings Conference Call” July 21, 2026 MANAGEMENT: MR. SORAB AGARWAL – EXECUTIVE DIRECTOR – ACTION CONSTRUCTION EQUIPMENT LIMITED MR. RAJAN LUTHRA – CHIEF FINANCIAL OFFICER – ACTION CONSTRUCTION EQUIPMENT LIMITED MR. VYOM AGARWAL –PRESIDENT –ACTION CONSTRUCTION EQUIPMENT LIMITED MODERATOR: MR. ANIKET JAIN – ANAND RATHI SHARE AND STOCK BROKERS LIMITED Page 1 of 20 Action Construction Equipment Limited July 21, 2026 Moderator: Ladies and gentlemen, good day and welcome to Action Construction Equipment Limited Q1 FY27 Earnings Conference Call hosted by Anand Rathi Share and Stock Brokers Limited. As a reminder, all participants line up for the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Aniket Jain from Anand Rathi. Thank you, and over to you, sir. Aniket Jain: Good afternoon, everyone. I would like to invite the management of Action Construction Equipment and thank them for this opportunity. Today, we have with us Mr. Sorab Agarwal, Executive Director; Mr. Rajan Luthra, Chief Financial Officer; and Mr. Vyom Agarwal, President. I shall now hand over the call to the management for their opening remarks. Over to you, sir. Sorab Agarwal: Yes. Thank you. Good evening and welcome, everyone, to this earnings conference call for discussing the results for the quarter ended June 2026. Along with me in today's earnings con call, we have our CFO, Mr. Rajan Luthra; and our President, Mr. Vyom Agarwal. I hope you have had an opportunity to review the company's financial statements and the earnings presentation, which has been circulated and uploaded on the stock exchanges. I will now take you through some of the key highlights of our performance during the quarter. Following the normalization witnessed during the second half of previous financial year, demand across the construction equipment industry remained stable during the quarter, and we have maintained our growth momentum. The financial year has begun amid an unpredictable domestic economy as the global operating environment has become increasingly uncertain. India's macroeconomic fundamentals continue to remain strong. However, escalating geopolitical tensions in West Asia, volatility in energy markets, firm steel prices, elevated freight costs and inflationary pressures across most of the industrial commodities have added to cost volatility and supply chain uncertainty for manufacturing businesses worldwide. Against this backdrop, our company registered its best-ever Q1 performance with continued focus on disciplined execution, operational excellence and maintaining a healthy balance between growth and profitability. Our continued emphasis on product quality, manufacturing efficiencies, cost optimization and calibrated pricing actions enabled us to record our best ever Q1 performance in terms of revenues and profits. Now to brief you on the financial performance for quarter 1 FY27 on a stand-alone basis. Page 2 of 20 Action Construction Equipment Limited July 21, 2026 On a yearly stand-alone basis, the total income grew by around 19% to INR836 crores, with an expansion of 12 basis points in EBITDA margin to 20.40%. The EBITDA during the quarter increased by 19.66% to INR170.58 crores as against around INR142 crores. The PBT expanded by 73 basis points and grew by 23.81% to approximately INR156.79 crores. The PAT expanded by 41 basis points and grew by 22.47% to INR118.59 crores as compared to 96.83 crores in the last year's corresponding quarter. The PBT and PAT margins now stand at 18.75% and 14.18%, respectively, for the quarter. On a sequential basis, that is, on a quarter-on-quarter basis. And as per our past trends, the total income recorded a drop of 18.15%, and the EBITDA, PBT and PAT have expanded sequentially by 438 basis points, 395 basis points and 353 basis points, respectively. Moving on to the segmental business performance. The company has sustained its growth momentum across all operating segments. In the Cranes, Construction Equipment and Metal Handling segment during the quarter gone by, we registered consolidated revenue of INR738.37 crores as compared to INR605.43 crores in quarter one FY26, which is an increase of around 22%. The volumes grew by 17.25% year-on-year. The margins also expanded to INR134.09 crores versus INR107.83 crores, thereby registering a growth of 24.35% year-on-year. The Agri Equipment division clocked a revenue of INR42.67 crores while registering a margin of INR4.34 crores. Our performance during the quarter reflects continued operation discipline and prudent cost management. Going forward, we continue to closely monitor commodity markets and remain focused on protecting profitability through sustainable operational improvements rather than relying solely on price actions. The strategic joint venture with KATO Works Limited announced during the previous quarter will commence by end of July, and it marks another important milestone in our long-term growth strategy. This partnership combines ACE's manufacturing strength and domestic market leadership with KATO's globally recognized technology and footprint in the heavy crane segment. The joint venture provides an excellent platform to expand our domestic presence in truck cranes, crawler cranes and rough terrain cranes, while also supporting technology upgradation, localization and export opportunities over the medium to long-term. This initiative further strengthens our positioning in the higher value-added heavy crane segment and complements our existing leadership across pick and carry cranes and tower cranes. Our defense business also continues to progress steadily, and we have started manufacturing rough terrain forklifts in the current quarter. Further, we remain committed to developing specialized products for defense applications and expanding our participation in this strategically important sector. Page 3 of 20 Action Construction Equipment Limited July 21, 2026 Over the past few years, we have consistently invested in expanding manufacturing capacity, modernizing our facilities and strengthening automation across our plants. These investments have significantly enhanced our manufacturing flexibility, product quality and operational efficiency. With our existing capacities and improved manufacturing capabilities, we remain well- positioned to cater to future demand across our product portfolio while maintaining disciplined capital allocation. Coming to margins. Commodity prices remained volatile during the quarter, owing to c [Showing first 8,000 characters — download PDF for full document]