Latest news with #ACMESolarHoldings
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Business Standard
5 days ago
- Business
- Business Standard
ACME Solar up 4% on commissioning first phase of 26.4 MW wind power project
ACME Solar share price: ACME Solar Holdings (ACME Solar) shares were buzzing in trade on Wednesday, May 28, 2025, with the scrip rising up to 3.67 per cent to hit an intraday high of ₹255.30 per share. At 1:52 PM, ACME Solar shares continued to trade near day's high level, up 3.29 per cent at ₹254.35 apiece. In comparison, BSE Sensex was trading 0.18 per cent lower at 81,401.17 levels. What drove ACME Solar shares 4% higher today? ACME Solar shares advanced after the company announced it has commissioned the initial 26.4 MW phase of its first wind power project in Shapar, Gujarat. The capacity is part of the larger 50 MW ACME Pokhran wind project, which is being developed in stages. 'Strategically located in one of India's highest wind resource regions, it is poised to be an important contribution to India's renewable energy goals,' ACME Solar said, in a statement. The development is financed by Power Finance Corporation (PFC) and executed by ACME's in-house EPC team, utilising Envision's 3.3 MW wind turbines. Power generated from the facility is collected at a 33/220 kV pooling station and transmitted via a dedicated 220 kV single-circuit line to the Shapar sub-station. This infrastructure will also serve ACME Solar's upcoming 100 MW wind project, currently in advanced construction, the company said. Moreover, the electricity from the project will be supplied under a 25-year Power Purchase Agreement (PPA) with Gujarat Urja Vikas Nigam Limited. With this commissioning, ACME Solar's total operational capacity has increased from 2,705 MW to 2,731.4 MW. ACME Solar Q4 results ACME Solar reported a 77 per cent year-on-year decline in consolidated net profit to ₹122 crore in Q4FY25, primarily due to the absence of an exceptional gain recorded in the same period last year. In the January–March quarter of FY24, the company had posted a one-time gain of ₹696 crore from the sale of 369 MW of operational solar assets located in Punjab, Uttarakhand, and Karnataka. The gain had boosted net profit to ₹532.3 crore in the corresponding quarter. Despite the profit decline, the company's total income rose to ₹539.2 crore in Q4FY25, up from ₹318 crore in the year-ago period, according to a regulatory filing with the BSE. ACME Solar listing ACME Solar made a lacklustre debut on the stock exchanges, falling short of market expectations. On the BSE Sensex, the stock was listed at ₹259 per share, marking a 10.3 per cent drop from its IPO issue price of ₹289. About ACME Solar ACME Solar Holdings is a fully integrated, pure-play renewable energy company in India, with a diversified portfolio spanning solar, wind, hybrid, and Firm and Dispatchable Renewable Energy (FDRE) projects. The company is recognised as one of the top 10 independent power producers (IPPs) in the country's renewable energy sector.' ACME Solar generates long-term, stable cash flows by selling electricity to a range of offtakers, including central and state government-backed entities, under long-term Power Purchase Agreements (PPAs) with fixed tariffs typically spanning 25 years. With in-house engineering, procurement, and construction (EPC) as well as operations and maintenance (O&M) capabilities, the company maintains strong control over project execution, costs, and timelines—offering flexibility in technology and supplier selection.
Business Standard
20-05-2025
- Business
- Business Standard
Acme Solar Q4 PAT fall 77% YoY to Rs 123 cr
Acme Solar Holdings reported a 76.82% decline in consolidated net profit to Rs 123.36 crore in Q4 FY25, compared to Rs 532.39 crore in Q4 FY24. Despite the steep drop in profitability, the companys revenue from operations surged 64.95% to Rs 486.89 crore during the quarter, reflecting strong topline growth. The company reported a profit before exceptional items of Rs 180.35 crore, compared to a loss of Rs 14.99 crore in the same period last year. However, the firm has reported an exceptional loss of Rs 14.08 crore was recorded during the quarter. EBITDA for the quarter increased sharply by 118.3% YoY to Rs 488 crore, up from Rs 224 crore in Q4 FY24. The EBITDA margin also improved significantly to 90.5% in Q4 FY25, from 70.3% reported in Q4 FY24. For the full financial year FY25, the companys consolidated net profit dropped 63.87% to Rs 252.11 crore, even as revenue from operations rose 6.54% to Rs 1,405.13 crore compared to FY24. The companys net debt stood at Rs 7,507 crore as of FY25, with Rs 6,232 crore linked to the operational portfolio and Rs 1,275 crore associated with under-construction (UC) capacity. The net debt-to-EBITDA ratio came in at 4.4x, comfortably within the companys target range of 5.5x. During the year, Acme commissioned 1,200 MW of solar power projects. In addition, 165 MW of capacity was commissioned in May 2025, representing a 101.9% increase over the previous fiscal year. The company won 1,900 MW in new projects, taking its total portfolio to 6,970 MW. It also signed 1,890 MW of Power Purchase Agreements (PPAs) during FY25. Operationally, the company achieved a Capacity Utilisation Factor (CUF) of 25.6%, generating 4,013 million units (MUs) of electricityup 55.2% year-on-year. Acme also strengthened its balance sheet through an equity raise, improving the net debt-to-net worth ratio to 1.7x, positioning the company well for future growth. Manoj Kumar Upadhyay, chairperson & MD, ACME Solar Holdings, said, As Indias energy landscape evolves, ACME Solar is well-positioned to lead the transition towards integrated, scalable, and firm renewable energy solutions. FY25 has been a remarkable year for us. We significantly expanded our operational portfolio and successfully commissioned our largest single-location projectthe 1,200 MW SECI ISTS solar project. This capacity build-out, aligned with disciplined capital structuring, is now translating into stronger earnings performance. In Q4 FY25, our revenue rose by 70% year-on-year to Rs 539 crore, while EBITDA surged 118% to Rs 488 crore. As we continue to scale our presence in the hybrid and FDRE space, our business is becoming more resilient and future ready. With over 4,265 MW under construction and strong alignment across stakeholders, we are confident in our ability to deliver sustained growth and long-term value creation. Looking ahead, we are targeting a contracted capacity portfolio of 10 GW by 2030, reinforcing our commitment to sustainable growth and energy transition leadership. ACME Solar Holdings (ACML) is a renewable power generation company in India with a portfolio of solar, wind, hybrid and FDRE (firm and dispatchable renewable energy) projects. The counter slipped 2.94% to Rs 239.05 on the BSE.
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Business Standard
20-05-2025
- Business
- Business Standard
ACME Solar Holdings Q4 results: Net profit dips 77% to Rs 122 crore
ACME Solar Holdings has reported a more than 77 per cent dip in consolidated net profit to Rs 122 crore for the March quarter, mainly due to an exceptional gain in the year-ago period. In January-March FY24, the company had reported an exceptional gain of Rs 696 crore from the divestment of 369 MW of operational solar assets in Punjab, Uttarakhand, and Karnataka, it said. The company had clocked Rs 532.3 crore net profit in Q4 FY24 on account of the exceptional gain. However, the company increased its total income to Rs 539.2 crore in the fourth quarter from Rs 318 crore in the year-ago quarter, a BSE filing said on Monday. As per the filing, its finance costs increased to Rs 205.5 crore from Rs 177.3 crore in the January-March period of FY24. Depreciation and amortisation expenses also rose to Rs 102.2 crore from Rs 61.2 crore in Q4 FY24. For the entire FY25, the net profit rose to Rs 250.8 crore from Rs 697.7 crore in FY24. In a separate filing, the company said its wholly-owned subsidiary ACME Sikar Solar Private Ltd commissioned Phase-II of a 112.5 MW solar project in Bikaner, Rajasthan. With this, ACME Sikar Solar Private Ltd has achieved a commissioned capacity of 165 MW out of 300 MW, and the balance capacity is under commissioning. Meanwhile, in a statement, the company said it divested 369 MW of its operational assets in Q4 FY24, which resulted in a one-time exceptional gain of approximately Rs 696 crore. Net debt stood at Rs 7,507 crore as of FY25. ACME Solar Holdings is a leading integrated renewable energy player with a diversified portfolio of 6,970 MW spanning solar, wind, FDRE and hybrid solutions. The company is one of the top 10 renewable energy Independent Power Producers in India with an operational capacity of 2,705 MW and under-construction capacity of 4,265 MW.
Business Standard
20-05-2025
- Business
- Business Standard
ACME Solar Holdings consolidated net profit declines 76.83% in the March 2025 quarter
Sales rise 64.96% to Rs 486.89 crore Net profit of ACME Solar Holdings declined 76.83% to Rs 123.36 crore in the quarter ended March 2025 as against Rs 532.39 crore during the previous quarter ended March 2024. Sales rose 64.96% to Rs 486.89 crore in the quarter ended March 2025 as against Rs 295.16 crore during the previous quarter ended March 2024. For the full year,net profit declined 63.87% to Rs 252.11 crore in the year ended March 2025 as against Rs 697.80 crore during the previous year ended March 2024. Sales rose 6.54% to Rs 1405.13 crore in the year ended March 2025 as against Rs 1318.85 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 486.89295.16 65 1405.131318.85 7 OPM % 89.4967.99 - 87.9282.58 - PBDT 282.5746.26 511 646.33468.87 38 PBT 180.35-14.99 LP 359.02160.74 123 NP 123.36532.39 -77 252.11697.80 -64
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Business Standard
19-05-2025
- Business
- Business Standard
Stocks to Watch Today, May 19: Gensol, Primier Energies, Delhivery, DRL
Stocks to Watch Today, May 19, 2025: Indian stock markets may open on a muted note on Monday, May 19, 2025, as markets await fresh triggers for any directional moves. At 7:50 AM, GIFT Nifty was at 25,063 level, down 16 points. Globally, Asian markets were also on the backfoot with Japan's Nikkei down 0.54 per cent, South Korea's Kospi 1 per cent, Hong Kong's Hang Seng 0.45 per cent, and Australia's ASX200 0.02 per cent. On the data front, investors will assess China's economic data for April, including housing prices and industrial production. In Australia, the Reserve Bank of Australia will kickstart its two-day meeting today. Here is a list of stocks to watch today (Monday): Q4 results today: Bharat Electronics, ACME Solar Holdings, Binani Industries, Borosil, CMS Info Systems, Cravatex, DLF, Dodla Dairy, DOMS Industries, Eris Lifesciences, Everest Industries, Globus Spirits, GMR Power and Urban Infra, Gujarat Gas, HEG, Hindustan Media Ventures, Hindustan Foods, Honda India Power Products, IG Petrochemicals, Innova Captab, IRB Infrastructure Developers, JK Paper, Jupiter Wagons, Karur Vysya Bank, Kwality Pharmaceuticals, Kaveri Seed Company, One Mobikwik Systems, Mold-Tek Packaging, Navneet Education, NCL Research & Financial Services, The New India Assurance Company, NLC India, Northern Arc Capital, Petronet LNG, Pfizer, PI Industries, Power Grid Corporation of India, Quess Corp, Restaurant Brands Asia, Redington, Repro India, Sun Pharma Advanced Research Company, Steel Exchange India, and Zydus Wellness will report their March quarter results on Monday, May 19, 2025. Divis Labs share price: Divi's Laboratories, on Saturday, reported a net profit of ₹662 crore for the March 2025 (Q4FY25) quarter, up 23 per cent year-on-year (Y-o-Y). The pharma company's revenue rose 12.2 per cent Y-o-Y to ₹2,585 crore, while Ebitda also advanced 21.2 per cent Y-o-Y to ₹886 crore. The board has recommended a final dividend of ₹30 per equity share for FY25. Shipping Corporation of India share price: The state-owned company's net profit dropped 39.73 per cent Y-o-Y to ₹185 crore in Q4FY25, with revenue falling around 6 per cent to ₹1,325 crore. Shipping Corporation's Ebitda slipped 10.65 per cent to ₹363.8 crore, and Ebitda margin contracted 137 bps Y-o-Y to 27.45 per cent. Delhivery share price: The logistics firm turned profitable in Q4FY25 as it reported a net profit of ₹72.6 crore in Q4FY25, as against a net loss of ₹68.5 crore in Q4FY24. Revenue grew 5.6 per cent, at ₹2,191.5 crore, Y-o-Y, and Ebitda more-than-doubled to ₹119 crore. Ebitda margin expanded to 5.4 per cent from 2.2 per cent. Texmaco Rail & Engineering share price: The railway-related company's revenue increased 17.6 per cent on year to ₹1,346 crore versus, while Ebitda rose 16.7 per cent to ₹97.6 crore. Net profit, however, fell 12.2 per cent to ₹39.7 crore. Other Q4 result reactions: TVS Electronics, Premier Energies, Arrow Greentech, Brahmaputra Infrastructure, Roto Pumps, Birlanu, Data Patterns, Banco Products, Zen Technologies, Suraj Products, Happy Forgings, Arvind Fashions, BMW Industries, KRBL, Galaxy Surfactants, Gujarat Alkalies and Chemicals, Heritage Foods, CreditAccess Grameen, India Glycols, Kalpataru Projects International, and Ratnamani Metals and Tubes. Premier Energies share price: The Board of Premier Energies has agreed to form a Joint Venture company with Nuevosol Energy Private Limited. The JV company, to be nmaed as Premier Green Aluminium Private Limited, will carry on the business of foundry, and extrusion of aluminium frames for solar photovoltaic modules. As per the JV agreement, PEL will hold 80 per cent and Nuevosol will hold 20 per cent in the JV company. Dr Reddy's Labs share price: Dr Reddy's Laboratories' shares will react to the USFDA issuing a Form 483 to the company, with two observations, for its API Middleburgh facility in New York. The GMP inspection was conducted between May 12 and May 16, 2025. Gujarat Alkalies and Chemicals share price: Gujarat Alkalies has installed a 90-120 MTPD HCL synthesis unit and three additional plants for downstream chlorotoluene production, with a combined capacity of 40 TPD. KEC International share price: KEC International, an RPG Group Company, has secured multiple new orders worth ₹1,133 crore for Transmission & Distribution projects. Power Grid Corporation of India Limited has awarded the company a project for ± 800 kV HVDC Transmission line, and 765 kV GIS Substation, while a private developer has awarded a project for 400 kV Quad Transmission line. NBCC share price: NBCC has sold 446 residential units at Aspire Silicon City in Noida, through an e-auction, worth ₹1,468 crore in sales. Ireda share price, Gensol Engineering share price: Ireda has filed an application under the Insolvency and Bankruptcy Code, 2016, against Gensol EV Lease Limited, a subsidiary of Gensol Engineering Limited. The application was made after Gensol Engineering's subsidiary company defaulted on an amount of ₹218.95 crore. Bharat Electronics share price: The state-owned defence company informed the stock exchanges that it has secured additional orders worth ₹572 crores since April 7, 2025 -- the date on which it shared the last order update. Major orders received during the period include Integrated Drone Detection and Interdiction System (IDDIS), Software Defined Radio (SDR) and Data Communication Unit (DCU) for attack guns, AI based solutions for ships, simulators, communication equipment, jammers, spares, services etc. Paradeep Phosphates share price: The Delhi High Court has directed the Central government to provide the company with a nutrient-based subsidy worth ₹53.50 crore within six weeks. The order, Paradeep Phosphates said, is expected to have a positive impact on the company's financials. Dhampur Sugar Mills share price: The Board of Directors of the company has fixed May 23 as the record date for the company's buyback offer.
