Latest news with #AcmeSolarHoldings
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Business Standard
4 days ago
- Business
- Business Standard
Acme Solar Holdings shares jump 10% post Q1 earnings; check details
Acme Solar Holdings share price today: Shares of renewable energy firm, Acme Solar Holdings, surged 10 per cent on Monday, July 28, 2025, hitting an intraday high of ₹297.48. At 11:35 AM, Acme Solar Holdings shares were trading at ₹293.90, up by 8.75 per cent on the BSE. In comparison, BSE Sensex was trading largely flat, albeit with a negative bias, down by 92 points or 0.11 per cent, quoting 81,370.50. The total market capitalisation of the company stood at ₹17,772.03 crore. The buying interest on the counter came after the company released its earnings for the first quarter of the financial year 2025-2026 (Q1FY26). Acme Solar Holdings Q1FY26 earnings The renewable energy solutions provider reported a 71 per cent surge in revenue from operations to ₹584 crore in Q1FY26, as against ₹340 crore reported in the corresponding quarter of the previous fiscal year. The company's profit after tax (PAT) experienced a robust rise to ₹131 crore in Q1FY26 from just ₹1 crore recorded in the first quarter of FY25. Earnings before interest, taxes, depreciation and amortisation (Ebitda) also rose by 75.7 per cent to ₹531 crore during the quarter under review from ₹302 crore recorded in Q1FY25. Ebitda margins stood at 90.9 per cent during the June quarter. As per brokerage firm JM Financial, the rise in company profits was mainly due to an increase in other income by ₹42.6 crore annually. Meanwhile, PAT margins for the quarter stood at 22.4 per cent as against 0.4 per cent reported in the same period of the last fiscal year. During the June quarter, the company commissioned 250 megawatt (MW) projects, including a 50 MW wind project in Gujarat. As per the exchange filing, this takes Acme Solar's overall operational portfolio to 2,890 MW, indicating a rise of 115.7 per cent on a year-on-year (Y-o-Y) basis. Check List of Q1 results today Brokerage View- Religare Broking On Monday, the stock started the day with a gap-up opening of nearly 6 per cent and extended the gains to 10 per cent in just a single trading session. "Acme solar holdings has been trading on bullish scenario with positive numbers in Q1FY26 with total revenue growing nearly 72 per cent. ACME did really well this quarter, especially in terms of orderbook," said Ravi Singh, SVP-retail research, Religare Broking. However, Singh advised investors to take a 'Buy' stance within the ₹280-₹285 range, signalling a prospective upside of 14.2 per cent. "On technical charts, stock price has given a bullish breakout from the ₹252 level at the start of July month. With the current outlook, the stock is likely to build bullish momentum in the coming sessions and recommend a 'Buy' position within ₹280-₹285 for the upside targets of ₹320 with risk managed at ₹270," he added.
News18
7 days ago
- Business
- News18
Acme Solar Holdings Q1 net profit jumps manifold to Rs 131 cr
New Delhi, Jul 25 (PTI) Acme Solar Holdings on Friday posted a multifold jump in its consolidated profit to Rs 131 crore in the June quarter, driven by higher revenues and improved operational efficiencies. The company had clocked a profit after tax of Rs 1 crore in the April-June period of 2024-25. Total revenue stood at Rs 584 crore in the first quarter of the ongoing fiscal, up 72 per cent from Rs 340 crore in the year-ago period. The company's chairperson and MD Manoj Kumar Upadhyay, said, "We are proud to report another strong quarter, marked by robust financial performance and meaningful operational progress. We remain confident in our long-term growth trajectory and are committed to delivering sustainable value to all stakeholders." The company commissioned projects of 350 MW, including 300 MW Sikar (solar) contracted with SECI, 50 MW Pokhran (wind) – the company's first wind project contracted with GUVNL. The operational capacity stands at 2,890 MW, up 115.7 per cent from Q1 FY25. Total under-construction portfolio stands at 4,080 MW plus 550 MWh of standalone BESS (battery energy storage system), the company said. The company signed PPAs for 250 MW FDRE (firm and dispatchable renewable energy), 300 MW Solar and 550 MWh standalone battery projects leading to over 55 per cent of UC capacity that is PPA signed. Capacity utilisation factor (CUF) has increased from 27 per cent in Q1 FY25 to 28.5 per cent in Q1 FY26. ACME Solar Holdings Limited is a renewable energy company with a portfolio across solar, wind, storage, hybrid and FDRE projects. PTI ABI ABI MR (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 25, 2025, 22:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Business Standard
7 days ago
- Business
- Business Standard
CRISIL rates LT bank facilities of Acme Solar Holdings' Deoghar and Phalodi projects
Acme Solar Holdings announced that CRISIL has assigned 'CRISIL AA-/ Stable' rating to long term bank facilities of ACME Deoghar Solar Power and ACME Phalodi Solar Power, subsidiaries of the company. These ratings are assigned to its renewable energy projects in Rajasthan with a total capacity of 600 MW across both the projects and cumulative term loan facility of Rs 2,086 crore from Power Finance Corporation.
Business Standard
07-07-2025
- Business
- Business Standard
Acme Solar places order of over 3.1 GWh of Battery Energy Storage System
Acme Solar Holdings has placed an order of more than 3.1 GWh of Battery Energy Storage System (BESS) from leading global energy systems supplier including Zhejiang Narada and Trina Energy, renowned for their high efficiency and scalable storage solutions. This marks one of the largest battery storage procurements in India to date and will support the deployment of BESS across ACME Solar's multiple renewable energy FDRE (Firm & Dispatchable Renewable Energy) and battery linked projects, scheduled for commissioning over the next 12-18 months across multiple states in India.
Mint
26-06-2025
- Business
- Mint
Acme Solar Holdings: Small-cap stock bags NHPC's 275 MW battery storage deal in Andhra Pradesh. Details here
Small-cap stock: Acme Solar Holdings on Thursday, 26 June 2025, emerged as the winner of the NHPC tender in Andhra Pradesh, where the company will be tasked with creating a 275 megawatt (MW) battery storage unit, according to an exchange filing. 'ACME Solar Holdings Limited has emerged as the winning bidder for NHPC's tender for cumulative capacity of 275 MW/550 MWh standalone Battery Energy Storage System (BESS) projects in Andhra Pradesh across two projects at Kuppam and Ghani,' said the company in the BSE filing. According to the filing data, the company secured the Kuppam project deal at a monthly tariff of ₹ 2,10,000 per MW with a capacity of 50 MW, while the Ghani project was at a tariff of ₹ 2,22,000 per MW with a capacity of 225 MW. As part of the project, the company will also receive the viability gap funding of ₹ 27 lakh per MWh or 30 per cent of the total project cost, whichever is lower. 'We feel privileged for the opportunity to develop NHPC's standalone Battery Energy Storage System project in Andhra Pradesh. This milestone reflects ACME Solar's commitment to pioneering innovative clean energy solutions that strengthen India's grid reliability and accelerate the nation's renewable energy transition,' said Rahula Kashyapa, the chief commercial officer of Acme Solar. Acme Solar Holdings shares closed 0.62 per cent higher at ₹ 246.70 after Thursday's stock market close, compared to ₹ 248.25 in the previous market close. The company announced the NHPC deal update after the stock market hours on 26 June 2025. The shares of the renewable energy producer have given the investors more than 7.63 per cent returns since its listing on the Indian stock market in November 2024. On a year-to-date (YTD) basis, the shares have given 4.96 per cent returns in 2025, and are trading 1.19 per cent in the last five stock market sessions. Acme Solar Holdings shares hit their 52-week high level at ₹ 292 on 4 December 2024 and their 52-week low level at ₹ 167.55 on 28 January 2025, according to the data collected from the BSE website. The company's market capitalisation (M-Cap) was at ₹ 14,954.74 crore as of the stock market close on Thursday, 26 June 2025. Read all stories by Anubhav Mukherjee Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
