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

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

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

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

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Sabarmati Riverfront Two Plots Up for Auction at Rs2.24 bn Base Price

Two commercial plots on the western bank of the Sabarmati Riverfront will be auctioned with a base price of Rs 112 crore each, equivalent to Rs 1.12 bn apiece and Rs 2.24 billion in total. The parcels are located adjacent to the Metro Rail Bridge in Ahmedabad and form the first commercial offering after a prolonged pause. The Riverfront Development Corporation has framed the sale as part of a phased commercial release to revive development along the riverfront. The combined base valuation has been set by the corporation to reflect market rates along the riverfront. The corporation has fixed a ..

Next Story
Infrastructure Urban

Andhra Pradesh to Connect Over One Million Streetlights

Andhra Pradesh will undertake a statewide smart streetlighting programme across all 123 Urban Local Bodies (ULBs), bringing around 1.05 million (mn) streetlights under an AI enabled monitoring and management system. The programme will be implemented by Energy Efficiency Services Limited (EESL) with the Commissioner and Director of Municipal Administration under the state Municipal Administration and Urban Development Department. The project aims to convert conventional streetlighting into a digitally managed municipal service monitored and maintained remotely. The initial phase will cover abou..

Next Story
Infrastructure Urban

AMC To Procure Four Machines For Guard Rail Cleaning

Ahmedabad Municipal Corporation will introduce four specialised machines for cleaning guard railings along major roads and the central verges of BRTS and Metro corridors. The civic body plans to replace manual labour with mechanised cleaning to improve maintenance of road infrastructure and greenery. The purchase is estimated at Rs 82.8 million (mn), excluding GST. The proposal sets the base price of each machine at about Rs 20.7 million (mn) so four units total Rs 82.8 million (mn) before GST. 18 per cent GST will be applicable separately. During the warranty period each machine will operate ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement