Latest news with #ACMESolarHoldings
Business Standard
18 hours ago
- Business
- Business Standard
ACME Solar Holdings spurts after reporting multi-fold jump in Q1 PAT
ACME Solar Holdings rallied 6.42% to Rs 287.60 after the company's consolidated net profit stood at Rs 130.83 crore in Q1 FY26, steely higher than Rs 1.39 crore in Q1 FY25. Revenue from operations jumped 65% YoY to Rs 510.98 crore in Q1 June 2025. Profit before tax (PBT) surged 247% to Rs 174.39 crore in Q1 FY26 compared with Rs 50.25 crore in Q1 FY25. EBITDA stood at Rs 531 crore in Q1 FY26, registering the growth 75.7% compared with Rs 302 crore in Q1 FY25. EBITDA margin stood at 90.9% in Q1 FY26 as against 88.8% in Q1 FY25, on account of higher scale and favorable operating leverage. The company generated 1,636 million units (MUs) in Q1 FY26, recording the growth of 107.1% from Q1 FY25, driven by higher CUF and new capacity addition. The capacity utilization factor (CUF) improved from 27.0% in Q1 FY25 to 28.5% in Q1 FY26. Manoj Kumar Upadhyay, chairperson & MD, ACME Solar Holdings, said, We are proud to report another strong quarter, marked by robust financial performance and meaningful operational progress. The commissioning of 350 MW, including our first wind project, underscores our commitment to diversifying our clean energy portfolio. Securing our maiden standalone battery storage projects is a landmark moment - positioning us at the forefront of the energy transition as we scale solutions that enhance grid reliability and flexibility. Our continued focus on execution excellence and disciplined financial management is clearly reflected in our margin expansion, significant improvement in cash PAT, and reduced debt cost. The adoption of tariffs for majority of our under-construction portfolio and signing of key PPAs reflect the strong demand for the renewable energy solutions. ACME Solar Holdings is a fully integrated renewable energy company in India with a diversified portfolio across solar, wind, storage, hybrid and Firm and Dispatchable Renewable Energy (FDRE) projects.
Mint
20 hours ago
- Business
- Mint
THIS small-cap power stock hits 10% upper circuit in a weak market; do you own?
Small-cap power stock ACME Solar Holdings hit its 10 per cent upper circuit in intraday trade on the BSE on Monday, July 28, in an otherwise weak market. ACME Solar Holdings share price opened at ₹ 286.65 against its previous close of ₹ 270.25 and surged 10 per cent to hit its upper circuit at ₹ 297.25. Around 10:45 AM, the small-cap stock traded 9.58 per cent higher at ₹ 296.15. Equity benchmark Sensex was 12 points down at 81,451 at that time. (This is a developing story. Please check back for fresh updates.)
New Indian Express
3 days ago
- Business
- New Indian Express
ACME Solar signs pact with NHPC for 275 MW battery storage projects in Andhra Pradesh
VIJAYAWADA: ACME Solar Holdings has signed Battery Energy Storage Purchase Agreements (BESPA) with NHPC for two pioneering Standalone Battery Energy Storage System (BESS) projects, totaling 275 MW/550 MWh, in Andhra Pradesh. The agreements, finalised through wholly owned subsidiaries, mark a significant step in bolstering India's renewable energy infrastructure. The projects, secured via an e-reverse auction on June 24, carry tariffs of INR 2,10,000/MW/month for a 50 MW/100 MWh system and INR 2,22,000/MW/month for a 225 MW/450 MWh system. Supported by the Government of India's Viability Gap Funding (VGF) scheme, which provides up to INR 27 lakh per MWh or 30% of the project cost (whichever is lower), the projects are set to be commissioned within 18 months from the signing date. Following the issuance of the Letter of Award (LOA) on July 8, 2025, the swift transition to BESPA signing was facilitated by the pre-identification of State as the customer. The State will provide land and evacuation infrastructure, enabling faster project execution. These standalone BESS installations, a first-of-their-kind in the state, will enhance grid stability by storing power during off-peak hours and supplying it during peak demand, aiding the integration of variable renewable sources like solar and wind. Operating under a 'BESS as a service' model, the projects introduce a novel framework where capacity charges are payable, setting a precedent in India's energy sector. This initiative strengthens ACME Solar's portfolio by leveraging large-scale battery procurement and installation, positioning the company as a leader in innovative energy solutions.
Business Standard
3 days ago
- Business
- Business Standard
ACME Solar Holdings consolidated net profit rises 9312.23% in the June 2025 quarter
Sales rise 65.02% to Rs 510.98 crore Net profit of ACME Solar Holdings rose 9312.23% to Rs 130.83 crore in the quarter ended June 2025 as against Rs 1.39 crore during the previous quarter ended June 2024. Sales rose 65.02% to Rs 510.98 crore in the quarter ended June 2025 as against Rs 309.64 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 510.98309.64 65 OPM % 89.5987.76 - PBDT 297.85105.81 181 PBT 190.3050.25 279 NP 130.831.39 9312
The Hindu
18-07-2025
- Business
- The Hindu
ACME Solar signs agreements with NHPC for setting up two battery energy storage system projects in Andhra Pradesh
ACME Solar Holdings, through its wholly owned subsidiaries, has signed Battery Energy Storage Purchase Agreements (BESPA) with NHPC Ltd. for setting up two standalone Battery Energy Storage System (BESS) projects in Andhra Pradesh with a total capacity of 275 MW/550 MWh. The projects were awarded through an e-reverse auction held late last month at tariffs of ₹2,10,000 per MW per month for 50 MW/100 MWh and ₹2,22,000 per MW per month for 225 MW/450 MWh. The projects will be implemented under the Government of India's Viability Gap Funding (VGF) scheme, which provides financial support of ₹27 lakh per MWh or up to 30% of the total project cost, whichever is lower. Expected to be commissioned within 18 months from signing, the BESS projects will help stabilise the grid by storing power during off-peak hours and discharging it during peak demand. They are also expected to enhance the integration of renewable energy sources like solar and wind, which are inherently intermittent. The initiative is a significant step in India's energy transition, introducing a pioneering 'BESS-as-a-Service' model where capacity charges are payable for storage services, setting a new benchmark for future storage deployments in the country.
