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ACME Solar Holdings Ltd posted a 1.5 per cent rise in consolidated net profit for the December quarter to INR 114 crore, aided by a 53.9 per cent increase in revenues to INR 617 crore. Higher expenses accompanied the revenue growth. Power generation jumped 49 per cent to 1,567 MUs, supported by improved capacity utilization and new projects. The company partially commissioned 72 MW of wind capacity in Gujarat, secured a 130 MW RTC project, and arranged INR 4,725 crore debt funding to support its renewable expansion.
ACME Solar Holdings Ltd reported a 1.5 per cent increase in its consolidated net profit for the December quarter, reaching INR 114 crore. The company had recorded a net profit of INR 112 crore during the same period in the previous financial year, according to an exchange filing made earlier this week. Advertisement
Total revenues saw a significant rise of 53.9 per cent, climbing to INR 617 crore from INR 401 crore in the corresponding period last year. The increase in revenue was accompanied by higher expenses, which rose to INR 615.60 crore from INR 481.22 crore in the third quarter of FY25. The board approved an interim dividend of INR 0.20 per equity share, each with a face value of INR 2, for FY26.
During the quarter, ACME Solar generated 1,567 million units (MUs) of power, reflecting a 49 per cent increase from the previous year. This growth was driven by improved capacity utilization and the addition of new projects. The company's Capacity Utilization Factor (CUF) improved to 24.3 per cent from 22.7 per cent in the previous year's third quarter. Plant availability and grid availability remained robust at 99.6 per cent and 99.8 per cent, respectively.
Partially commissioning 72 MW out of a 100 MW wind project in Gujarat contributed to a cumulative year-to-date commissioned capacity of 422 MW. Additionally, ACME Solar secured a 130 MW round-the-clock (RTC) renewable energy project during the period. To support its expansion and reduce financing costs, the company arranged debt financing of INR 4,725 crore from leading Indian financial institutions, including Power Finance Corporation Ltd.
ACME Solar Holdings Ltd operates as a fully integrated renewable energy company with a diversified portfolio across solar, wind, storage, floating distributed renewable energy (FDRE), and hybrid solutions. The company has consistently focused on enhancing generation capacity while maintaining high operational efficiency and strong financial backing.
Source PTI
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