Gurugram, January 29, 2025 – ACME Solar Holdings Limited (NSE: ACMESOLAR, BSE: 544283) announced its unaudited financial results for the quarter ending December 31, 2024. The results showcased strong revenue growth and profitability.
Key Financial Highlights (Q3 FY25)
- Revenue from Operations: ₹3,490.12 million, up from ₹3,315.17 million YoY.
- Total Income: ₹4,008.26 million, driven by substantial operational revenue and other income.
- Profit Before Tax (PBT): ₹1,033.71 million, reflecting improved financial efficiency.
- Net Profit: ₹1,120.58 million, a significant increase compared to ₹444.49 million in Q3 FY24.
- Earnings Per Share (EPS): ₹2.09 per share, up from ₹0.80 in the previous year.
Operational and Strategic Developments
- The company continued to expand its renewable energy portfolio, contributing to sustained revenue growth.
- Employee benefit expenses stood at ₹166.51 million, maintaining operational efficiency.
- ACME Solar prepaid outstanding borrowings worth ₹17,950.00 million using funds raised through its IPO.
- The company focuses on sustainable growth and expanding its solar energy projects across India.
Market Outlook
With India’s increasing focus on renewable energy, ACME Solar Holdings is positioned to capitalize on the growing demand for solar power solutions. The company’s robust performance and strategic initiatives reflect its strong market leadership and commitment to innovation.ACME Solar’s management remains confident in sustained growth and profitability, supported by ongoing project expansions and operational efficiencies.