Latest news with #AcmeSolarHoldings
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.
Mint
15-05-2025
- Business
- Mint
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 15 May 2025
Breakout stocks buy or sell: The Indian stock market closed on a positive note on Wednesday, May 14, supported by broadly favorable global signals indicating a reduction in geopolitical tensions. The Sensex gained 182 points, or 0.22%, ending at 81,330.56, while the Nifty 50 advanced 89 points, or 0.36%, to settle at 24,666.90. The BSE Midcap and Smallcap indices increased by 1.19% and 1.63%, respectively. Sumeet Bagadia, Executive Director at Choice Broking, believes that the Indian stock market sentiment is cautious to positive as the Nifty 50 index is trading in 24,500 to 24,800 range. Speaking on the outlook of Indian stock market, Bagadia said, ' Bullish or bearish trend can be assumed on the breakage of either side of the range. So, one should maintain stock-specific approach and look at those stocks that are looking strong on the technical chart. Looking at breakout stocks can be a good option." Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — eClerx Services Limited, Fusion Finance, Acme Solar Holdings, DCX Systems, and Roto Pumps 1] eClerx Services Limited: Buy at ₹ 2748.70, target ₹ 2970, stop loss ₹ 2652; 2] Fusion Finance: Buy at ₹ 185.08, target ₹ 202, stop loss ₹ 178; 3] Acme Solar Holdings: Buy at ₹ 237.78, target ₹ 254, stop loss ₹ 229; 4] DCX Systems: Buy at ₹ 329.35, target ₹ 352, stop loss ₹ 318; 5] Roto Pumps: Buy at ₹ 257.05, target ₹ 275, stop loss ₹ 248. Disclaimer: The views and recommendations provided in this analysis are those of individual analysts or broking companies, not Mint. We strongly advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and individual circumstances may vary.
Mint
24-04-2025
- Business
- Mint
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 24 April 2025
Breakout stocks buy or sell: Frontline indices, Sensex and Nifty 50, posted solid gains on Wednesday, April 23, marking their seventh straight day of advances, supported by positive global signals. The Sensex ended the day up by 521 points, or 0.65%, at 80,116.49, while the Nifty 50 climbed 162 points, or 0.67%, to close at 24,328.95. Meanwhile, the BSE Midcap and Smallcap indices gained 0.94% and 0.26%, respectively. Sumeet Bagadia, Executive Director at Choice Broking, believes that the Indian stock market bias is bullish as the Nifty 50 index closed above 24,300. Speaking on the outlook of Indian stock market, Bagadia said, ' The 50- stock index has made crucial support at 23,800 and it is poised to touch 24,800. On breaking above this hurdle, the key benchmark index may soon touch 25,000. Amid Q4 results 2025, one should maintain stock-specific approach and look at those stocks that are looking strong on the technical chart. Looking at breakout stocks for intraday trading can be a good option." Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — EIH, SBFC Finance, Acme Solar Holdings, Inox Wind, and CG Power and Industrial Solutions. 1] EIH: Buy at ₹ 394, target ₹ 422, stop loss ₹ 380; 2] SBFC Finance: Buy at ₹ 108.26, target ₹ 117, stop loss ₹ 104; 3] Acme Solar Holdings: Buy at ₹ 223.19, target ₹ 239, stop loss ₹ 215; 4] Inox Wind: Buy at ₹ 174.55, target ₹ 187, stop loss ₹ 168; 5] CG Power and Industrial Solutions: Buy at ₹ 660.15, target ₹ 706, stop loss ₹ 637. Disclaimer: The views and recommendations provided in this analysis are those of individual analysts or broking companies, not Mint. We strongly advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and individual circumstances may vary. First Published: 24 Apr 2025, 06:47 AM IST
