ACE's 15.11% operating margin topped the Industrials peer median
Consolidated net profit was supported by Rs 96.13 cr of other income; the results were filed after market close.
Filed 12 Nov 2026, 17:58 IST · after market close · Action Construction Equipment Ltd (ACE)
Key takeaways
- ACE reported consolidated operating profit of Rs 133.89 cr at a 15.11% operating margin in Q2FY27.
- Other income of Rs 96.13 cr made a significant contribution to consolidated profit before tax of Rs 216.90 cr.
- ACE's 15.11% operating margin was 3.60 percentage points above the Industrials peer median of 11.51% across 230 reported companies.
Price around the results
Reported profit had a sizeable non-operating contribution
ACE reported consolidated revenue of Rs 886.09 cr and operating profit of Rs 133.89 cr in Q2FY27. Other income of Rs 96.13 cr was a significant contributor to profit before tax of Rs 216.90 cr, so net profit of Rs 164.25 cr was not generated by operations alone.
Operating margin stood at 15.11%
Expenses of Rs 752.20 cr were absorbed against revenue of Rs 886.09 cr, leaving operating profit at Rs 133.89 cr. The reported tax rate was 24.27%, while basic EPS came in at Rs 13.80.
ACE was above the reported Industrials peer median
ACE's consolidated operating margin of 15.11% was 3.60 percentage points above the 11.51% median for Industrials companies that had reported the quarter. The comparison covers 230 reported peers, placing ACE above the sector midpoint.
Results were filed after market close
The company filed its consolidated results at 17:58 IST on 12 Nov 2026, after market close. There is therefore no trading-session reaction to assess in this note.
Q2FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 |
|---|---|
| Revenue | ₹886 cr |
| Other income | ₹96 cr |
| Expenses | ₹752 cr |
| Operating profit | ₹134 cr |
| Operating margin (%) | 15.11% |
| Interest | ₹4 cr |
| Depreciation | ₹9 cr |
| Profit before tax | ₹217 cr |
| Tax | ₹53 cr |
| Net profit | ₹164 cr |
| EPS (₹) | ₹13.80 |
Operating margin of 15.11% compares with a Industrials sector median of 11.51% across 230 peers that have reported Q2FY27.
What to watch
- Whether operating margin holds at or above 15.11%.
- Whether other income remains a significant contributor after Rs 96.13 cr in Q2FY27.
- Whether operating profit remains well above the Industrials median of 11.51%.