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, the company posted a net profit of Rs 19.31 crore in Q1 FY22 as compared to a net loss of Rs 4.29 crore in Q1 FY21. Net sales soared 218% to Rs 321.5 crore in Q1 FY22 over Q1 FY21.