#ACE
Gets multi crore defence order from Tata Advance Systems, DRDO
Co will provide missile launch vehicles for DRDO Order
Launch vehicles order for Missile Systems, MRSAM systems.
Gets multi crore defence order from Tata Advance Systems, DRDO
Co will provide missile launch vehicles for DRDO Order
Launch vehicles order for Missile Systems, MRSAM systems.
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#ACE: CO WINS BIG DEFENSE ORDER FROM TATA ADVANCED SYSTEMS.
#ACE
Approves Issuance of Shares In QIP at Rs 242 ( 4.93 % Discount to Floor price of Rs 254
Approves Issuance of Shares In QIP at Rs 242 ( 4.93 % Discount to Floor price of Rs 254
Stocks Which I Would Look To Add On Dips:
1) #ACE
2) #Affle
3) #Amber
4) #Confidence_Petroleum
5) #HINDUSTAN_FOODS
6) #IDFC_First
7) #International_Conveyers
8) #Jubilant_Foods
9) #Naukri
10) #Pokarna
11) #TTK_Prestige
12) #PIXTRANS
1) #ACE
2) #Affle
3) #Amber
4) #Confidence_Petroleum
5) #HINDUSTAN_FOODS
6) #IDFC_First
7) #International_Conveyers
8) #Jubilant_Foods
9) #Naukri
10) #Pokarna
11) #TTK_Prestige
12) #PIXTRANS
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#ACE Q123-24
-Net Profit up 55.2% at ₹67.5 cr vs ₹44 cr (YoY)
-Revenue up 31.0% at ₹651.6 cr vs ₹497.7 cr (YoY)
-EBITDA at ₹81.6 cr vs ₹40.6 cr (YoY)
-EBITDA Margin at 12.5% Vs 8.2% (YoY)
-Net Profit up 55.2% at ₹67.5 cr vs ₹44 cr (YoY)
-Revenue up 31.0% at ₹651.6 cr vs ₹497.7 cr (YoY)
-EBITDA at ₹81.6 cr vs ₹40.6 cr (YoY)
-EBITDA Margin at 12.5% Vs 8.2% (YoY)
👍2
#ACE concall highlights 🔥
*New models coming by Q3.. *
* Capex to be completed by Q4, which would give a runway of extra 4000cr topline.
* Backhoe Loaders market share gone up from 1.5% to 3.5% . Upgrading backhoe loader portfolio to international level.
* By Q3-Q4, Company Will start contract-manufacturing for 2-3 global companies. Also would supply components to global companies. There Could also be Joint-Ventures with other global companies.
* Agri-Equipments, the only segment which has seen a YOY volume de-growth (while the revenues were up by 29%), will see both volume and revenue growing positively from Q2.
* Expecting a top-line growth of 20-25% with a margin of 14-15% for FY23-24.
🫡
*New models coming by Q3.. *
* Capex to be completed by Q4, which would give a runway of extra 4000cr topline.
* Backhoe Loaders market share gone up from 1.5% to 3.5% . Upgrading backhoe loader portfolio to international level.
* By Q3-Q4, Company Will start contract-manufacturing for 2-3 global companies. Also would supply components to global companies. There Could also be Joint-Ventures with other global companies.
* Agri-Equipments, the only segment which has seen a YOY volume de-growth (while the revenues were up by 29%), will see both volume and revenue growing positively from Q2.
* Expecting a top-line growth of 20-25% with a margin of 14-15% for FY23-24.
🫡
🔥2