₹785 crore in Q1 FY27, a 20.49% jump from ₹652 crore a year earlier, lifted the stock 2.55% to ₹1,236.50 on the NSE. — The rise comes amid a 23.68% sequential drop in revenue from the prior quarter.
Gross profit hit ₹108 crore, a 28.6% increase over ₹84 crore last year, yet slipped 33.24% sequentially from ₹155 crore. Net profit climbed to ₹119 crore, up 22.8% YoY, but fell 7.74% from ₹129 crore in Q4 FY26.
The earnings lift follows a ₹697.35 crore Ministry of Defence contract for 1,868 rough‑terrain forklifts and a fresh order for 74 4x4 backhoe loaders destined for the Border Roads Organisation. The deals underscore ACE’s pivot toward defence‑related revenue streams.
Defence‑equipment firms collectively saw a 12% rise in orders last quarter, and ACE’s MoD pipeline now accounts for roughly one‑fifth of its total revenue. Analysts note the company’s growing share of defence spend may buffer it against cyclical construction demand.
ACE will disclose Q2 FY27 results on 30 September. Management hints at maintaining a gross margin above 14% and expects continued government procurement momentum under the Make in India framework.