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Economic Times
30-07-2025
- Business
- Economic Times
ACME Solar shares rally 7% in 3 days after Q1 profit soars 9,319%
ACME Solar shares have surged nearly 7% over the past three trading sessions after the renewable energy firm posted a 9,319% year-on-year jump in consolidated net profit for the June quarter, buoyed by strong project additions, robust margin expansion and fresh battery storage wins. ADVERTISEMENT Shares of the company climbed almost 1% on Wednesday, July 30, to hit an intraday high of Rs 288.95 on the BSE, extending their post-results rally to 6.9% since the results were announced after market hours on Friday, July 25. However, the stock pared gains later in the session to trade at Rs 280.35, down 2.2% on the day. ACME Solar reported a consolidated profit after tax of Rs 131 crore for Q1 FY26, compared to just Rs 1.4 crore in the year-ago period, marking a staggering 9,319% surge. The company's revenue grew 71.8% year-on-year, driven by capacity additions and a rise in the capacity utilisation factor (CUF), which improved from 27% in Q1 FY25 to 28.5% in the latest quarter. EBITDA came in at Rs 531 crore for the quarter ended June, up 76% from a year earlier, while EBITDA margin expanded to 90.9% from 88.8% in the same period last year. PAT margin stood at 22.4%.The company said it generated 1,636 million units (MUs) of electricity in Q1 FY26, a 107.1% rise from the year-ago period, led by higher CUF and the addition of new capacity. During the quarter, ACME Solar commissioned 350 MW of projects, including its first wind project, 50 MW at Pokhran in Gujarat, taking the total operational portfolio to 2,890 MW, up 115.7% year-on-year. ADVERTISEMENT The company also reported progress on its battery storage ambitions, having won a 550 MWh standalone battery energy storage system (BESS) project contracted with NHPC. It has signed power purchase agreements (PPAs) for 250 MW of firm and dispatchable renewable energy (FDRE), 300 MW of solar capacity and 550 MWh of BESS.'3.1+ GWh of BESS [have been] ordered from leading global energy system suppliers including Zhejiang Narada and Trina Energy,' the company said. It added that commitments have been secured for key long lead items like power conversion systems, transmission lines and wind turbines. ADVERTISEMENT ACME also refinanced Rs 1,072 crore of debt during the June 2025 quarter, reducing the interest cost for a 250 MW operational project in Rajasthan by around 95 basis points. The debt was tied at an 8.5% fixed rate for five years, with Standard Chartered Bank, Bank of America and India Infradebt joining as new lenders. The company's credit profile also saw upgrades. 'Recently commissioned 4x300 MW SECI ISTS solar projects each received rating of CRISIL AA-/Stable,' while the Acme Aklera 250 MW project was upgraded to ICRA A+/Stable, the company said. ADVERTISEMENT ACME's net debt to EBITDA stood at 4.2x as of Q1 FY26, comfortably within its targeted range of company expects the current operational portfolio to yield an annual project EBITDA of Rs 2,000–2,050 crore, resulting in a pre-tax ROCE of 14.5%. Also read | Mazagon Dock to Cochin Shipyard: Defence stocks tumble up to 18% in 1 month. Buy the dip or stay cautious? (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
30-07-2025
- Business
- Time of India
ACME Solar shares rally 7% in 3 days after Q1 profit soars 9,319%
Tired of too many ads? Remove Ads Profit skyrockets, margins widen Tired of too many ads? Remove Ads Operational milestones and new project wins Refinancing and ratings boost ACME Solar shares have surged nearly 7% over the past three trading sessions after the renewable energy firm posted a 9,319% year-on-year jump in consolidated net profit for the June quarter, buoyed by strong project additions, robust margin expansion and fresh battery storage of the company climbed almost 1% on Wednesday, July 30, to hit an intraday high of Rs 288.95 on the BSE, extending their post-results rally to 6.9% since the results were announced after market hours on Friday, July 25. However, the stock pared gains later in the session to trade at Rs 280.35, down 2.2% on the Solar reported a consolidated profit after tax of Rs 131 crore for Q1 FY26, compared to just Rs 1.4 crore in the year-ago period, marking a staggering 9,319% surge. The company's revenue grew 71.8% year-on-year, driven by capacity additions and a rise in the capacity utilisation factor (CUF), which improved from 27% in Q1 FY25 to 28.5% in the latest came in at Rs 531 crore for the quarter ended June, up 76% from a year earlier, while EBITDA margin expanded to 90.9% from 88.8% in the same period last year. PAT margin stood at 22.4%.The company said it generated 1,636 million units (MUs) of electricity in Q1 FY26, a 107.1% rise from the year-ago period, led by higher CUF and the addition of new the quarter, ACME Solar commissioned 350 MW of projects, including its first wind project, 50 MW at Pokhran in Gujarat, taking the total operational portfolio to 2,890 MW, up 115.7% company also reported progress on its battery storage ambitions, having won a 550 MWh standalone battery energy storage system (BESS) project contracted with NHPC. It has signed power purchase agreements (PPAs) for 250 MW of firm and dispatchable renewable energy (FDRE), 300 MW of solar capacity and 550 MWh of BESS.'3.1+ GWh of BESS [have been] ordered from leading global energy system suppliers including Zhejiang Narada and Trina Energy,' the company said. It added that commitments have been secured for key long lead items like power conversion systems, transmission lines and wind also refinanced Rs 1,072 crore of debt during the June 2025 quarter, reducing the interest cost for a 250 MW operational project in Rajasthan by around 95 basis points. The debt was tied at an 8.5% fixed rate for five years, with Standard Chartered Bank, Bank of America and India Infradebt joining as new company's credit profile also saw upgrades. 'Recently commissioned 4x300 MW SECI ISTS solar projects each received rating of CRISIL AA-/Stable,' while the Acme Aklera 250 MW project was upgraded to ICRA A+/Stable, the company net debt to EBITDA stood at 4.2x as of Q1 FY26, comfortably within its targeted range of company expects the current operational portfolio to yield an annual project EBITDA of Rs 2,000–2,050 crore, resulting in a pre-tax ROCE of 14.5%.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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.
Hans India
20-05-2025
- Business
- Hans India
ACME Solar's net profit for FY25 crashes over 64 pc to Rs 250.8 crore
Gurugram-based renewable energy player ACME Solar Holdings Limited has reported a steep decline of over 77 per cent year-on-year (YoY) in its consolidated net profit, which dropped to Rs 122 crore in the March 2025 quarter (Q4 FY25). The company had posted a net profit of Rs 532.3 crore in the same period last financial year, according to its stock exchange filing. For the full financial year (FY25), ACME Solar's net profit declined by around 64 per cent to Rs 250.8 crore, compared to Rs 697.7 crore in FY24. The sharp fall in profits came despite a strong rise in revenue. The company's revenue from operations in Q4 stood at Rs 486.88 crore, up from Rs 295.16 crore a year ago -- marking a YoY growth of nearly 65 per cent. Total income also increased significantly to Rs 539.2 crore in Q4 FY25, from Rs 318 crore in the corresponding quarter last fiscal -- showing a 69.56 per cent rise. However, finance costs grew to Rs 205.5 crore from Rs 177.3 crore in the same period last fiscal -- an increase of around 15.90 per cent. Depreciation and amortisation expenses also rose sharply to Rs 102.2 crore, up 66.99 per cent from Rs 61.2 crore in Q4 FY24. Despite the decline in profits, the company highlighted strong operational progress. Chairperson and Managing Director Manoj Kumar Upadhyay said FY25 was a 'remarkable year' for ACME Solar, as it expanded its operational portfolio and commissioned its largest single-location project -- a 1,200 MW SECI ISTS solar project. He added that the company is now witnessing stronger earnings performance, with Q4 revenue rising 70 per cent YoY to Rs 539 crore and EBITDA jumping 118 per cent to Rs 488 crore. He also stated that ACME's focus on hybrid and firm-dispatchable renewable energy (FDRE) solutions is making the business more resilient.
