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Acme Solar Shares Hit 10% Upper Circuit as Q3 Net Profit Surges to ₹112 crore

Updated on: Jan 29, 2025, 1:34 PM IST
Acme Solar shares surged 10% as Q3 net profit jumped YoY to ₹112 crore, with revenue rising to ₹349 crore and EBITDA margin improving to 90%.
Acme Solar Shares Hit 10% Upper Circuit as Q3 Net Profit Surges to ₹112 crore
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Acme Solar Holdings Ltd shares hit a 10% upper circuit after the company reported a significant year-over-year (YoY) jump in net profit for the December quarter, reaching ₹112 crore. In the same period last year, the company posted a net profit of ₹44 crore.

Strong Revenue Growth & Margins

The Gurugram-based renewable energy firm saw its revenue from operations rise to ₹349 crore in Q3FY25, compared to ₹332 crore in Q3FY24. At 1:23 PM on January 29, Acme Solar’s shares were trading 10% higher at ₹191.65 apiece on the BSE.

In its stock exchange filing, the company attributed the revenue growth to the phased commissioning of its 1,200 MW SECI ISTS project. The EBITDA margin improved to 90% in Q3FY25, up from 85% in Q3FY24, due to favourable operating leverage. Meanwhile, the profit after tax (PAT) margin surged to 28% in Q3FY25, compared to 12% in the same quarter of the previous fiscal year.

Expansion & Business Model

Over the years, Acme Solar has expanded beyond solar power projects to become an integrated renewable energy company in India. The company develops, builds, owns, operates, and maintains large-scale renewable energy projects through its in-house engineering, procurement, and construction (EPC) division, along with its operations and maintenance (O&M) team.

Acme Solar generates revenue by selling electricity to various off-takers, including both central and state government-backed entities, reinforcing its position as a key player in India’s renewable energy sector.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Jan 29, 2025, 1:34 PM IST

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