ACME Solar Share Price Dips 2.56%; Reports Q2 FY25 Results with 7.4% Revenue Growth

ACME Solar Holdings announced its financial results for the quarter and six months ended September 30, 2024.

Q2 and H1 FY25 Key Financial Highlights

For H1FY25, the company reported a total revenue of ₹635 crore, marking a 5.5% year-on-year (YoY) increase, while Q2FY25 saw a revenue of ₹295 crore, up 7.4% YoY. 

EBITDA for the first half stood at ₹558 crore, reflecting a 4.8% YoY rise, and Q2FY25 EBITDA was ₹256 crore, an increase of 3.7% YoY. The company maintained a healthy EBITDA margin of approximately 88%.

Cash PAT for H1FY25 rose by 10.6% YoY to ₹152 crore, with Q2FY25 reporting a significant 75.4% YoY increase in Cash PAT to ₹75 crore. 

PAT for Q2FY25 stood at ₹15 crore, a significant improvement compared to ₹1 crore in Q1FY25 on a quarter-on-quarter (QoQ) basis.

Key Business Highlights

The company’s total portfolio now includes 6,720 MW, comprising 2,540 MW of operational projects and 4,180 MW of under-construction (UC) projects across solar, wind, FDRE, and hybrid projects.

ACME Solar has been actively expanding its capacity, having won multiple projects with a combined capacity of 1,350 MW in FY25, and contracted with central off-takers like SECI, NTPC, and SJVN, bringing its total order book to 4,180 MW.

On November 26, 2024, ACME Solar share price opened at ₹247.00, down from its previous close of ₹258.00. At 10:47 AM, the share price of ACME Solar Holdings was trading at ₹251.40, down by 2.56%.

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