In its outlook, the company said positive trend, good growth in orders and execution is likely to continue.

ACE is leading material handling and construction equipment manufacturing company with a majority market share in mobile cranes and tower cranes segment.

On a consolidated basis, ACE's net profit rose 2% to Rs 14.60 crore on a 0.1% rise in net sales to Rs 268.30 crore in Q2 September 2020 over Q2 September 2019.