ACME’s Q3 FY 2025 Revenue Rises 10% After 1.2 GW Solar Project Launch

05 Feb 2025 CW Team

ACME Solar Holdings reported a consolidated revenue of Rs 4.01 billion for the third quarter (Q3) of the financial year (FY) 2025, marking a 9.9 per cent year-over-year (Y-o-Y) increase from Rs 3.65 billion and a 35.8 per cent growth from Rs 2.95 billion in the previous quarter. The company attributed the revenue boost to the phased commissioning of a 1,200 MW project for the Solar Energy Corporation of India.

The profit after tax (PAT) for the quarter surged to Rs 1.12 billion, reflecting a 152.1 per cent Y-o-Y growth from Rs 440 million, with a PAT margin of 28 per cent, up from 12.2 per cent. The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for Q3 FY 2025 stood at Rs 3.59 billion, representing a 15.7 per cent Y-o-Y increase from Rs 3.1 billion. The EBITDA margin also improved to 89.6 per cent from 85.1 per cent in the same period last year. Earnings per share (EPS) for the quarter reached Rs 2.09, marking a 161 per cent Y-o-Y growth.

In the first nine months of FY 2025, ACME Solar generated 2,499 million units (MU) of electricity, a 34.5 per cent increase from the previous year. The company’s capacity utilization improved to 23.7 per cent, up 3.2 per cent from the same period in FY 2024. However, for 9M FY 2025, EPS declined by 23 per cent Y-o-Y, while revenue decreased from Rs 10.24 billion in FY23 to Rs 9.18 billion in FY24.

ACME Solar used proceeds from its initial public offering (IPO) to reduce its debt by Rs 20.7 billion, bringing total debt to Rs 68.82 billion. The company’s annual EBITDA run rate is projected between Rs 17.5 billion and Rs 18 billion, with a pre-tax return on capital employed of 14.5 per cent. It is also focused on expanding its under-construction capacity, with significant financing secured for on-going projects.

News source: Mercom India

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..