Solar stock hits 10% upper circuit after reporting 632.5% QoQ increase in net profitsSolar stock hits 10% upper circuit after reporting 632.5% QoQ increase in net profits

Introduction:

Leading solar company reports a stellar performance for Q3 FY25, with PAT soaring 632.5% QoQ to ₹112 crore. The company achieved impressive growth in revenue, EBITDA, and operational efficiency, solidifying its leadership in the renewable energy sector.

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Share price movement of ACME Solar:

On January 29, 2025, ACME Solar Holdings Ltd. opened at ₹175.20, up 0.29% from its previous close of ₹174.25. The stock reached a high of ₹191.65 (9.99%) and a low of ₹175.20. By 11:23 AM, it traded at ₹191.65, a 9.99% increase, with a market cap of ₹11,596.51 crore.

ACME Solar Reports 633% PAT Growth QoQ:

ACME Solar posted exceptional performance for Q3 FY25, with a staggering 632.5% growth in PAT QoQ, reaching ₹112 crore. The PAT margin surged to 28%, up from 12.2% in Q2 FY25, reflecting strong operational efficiency.

Total revenue for the quarter reached ₹401 crore, up 9.9% YoY. EBITDA increased by 15.7% YoY, with a notable QoQ rise of 40.1%. The company’s EBITDA margin stood at 89.6%, indicating strong operational efficiency and cost management.

ACME Solar’s contracted portfolio grew significantly, reaching 6,970 MW, with an operating portfolio of 2,540 MW, up 89.6% QoQ. The company signed PPAs for 2,340 MW, securing 52.8% of its under-construction capacity.

Recent news on ACME Solar:

As of January 08, 2025, renewable energy firm ACME Solar Holdings Ltd. (ASHL) successfully commissioned 90 MW of solar power capacity in Rajasthan, bringing its total operational renewable generation capacity to 2,453 MW.

Stock performance of ACME Solar for Period of 1 week and 1 month:

ACME Solar Holdings Ltd. has faced a significant decline, with an 18.2% drop over the past week and a 25.0% decrease over the past month, reflecting challenging market conditions and possible performance setbacks in recent weeks.

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Shareholding pattern of ACME Solar:

All values in %	Dec 2024
Promoter	83.40%
FII	5.50%
DII	7.00%
Public	4.10%

About ACME Solar:

ACME Solar Holdings Limited (NSE: ACMESOLAR) is a leading renewable energy company in India with a diversified portfolio across solar, wind, and hybrid projects. It has 2,540 MW operational capacity and 4,430 MW under construction.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.