ACME Solar Holdings Ltd Share Price – NSE /  BSE

Infrastructure Developers & Operators, Small Cap

Profit before tax (PBT) tumbled 76.5% YoY to Rs 18.15 crore during the quarter.

EBITDA stood at Rs 256 crore, registering the de-growth of 20.74% as compared with Rs 323 crore posted in corresponding quarter last year. In Q2 FY25, EBITDA margin has reduced marginally on a y-o-y basis on account of increase in manpower expenses and its allocation towards a lower asset base due to 369 MW asset monetized in H2 FY24.

On Half yearly basis, the company’s consolidated net profit declined 86.21% to Rs 16.68 crore during the quarter as compared with Rs 120.96 crore in Q2 FY24. Revenue from operations fell 17.76% YoY to Rs 569.23 crore during the quarter.

Capacity utilization factor has increased from 23.3% in H1FY24 to 24.6% in H1FY25 owing to initiatives focused on preventive and predictive maintenance. Plant availability has improved from 99.2% in H1FY24 to 99.3% in H1FY25. The company said that the implementation of dry cleaning robots streamlined the process of module cleaning and enhanced operational performance.

The scrip debuted into the stock market on 13 November 2024. The counter was listed at Rs 259, exhibiting a discount of 10.38% to the issue price of Rs 289.

ACME Solar Holdings (ACML) is a renewable power generation company in India with a portfolio of solar, wind, hybrid and FDRE (firm and dispatchable renewable energy) projects.

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Net profit of ACME Solar Holdings declined 60.39% to Rs 15.30 crore in the quarter ended September 2024 as against Rs 38.63 crore during the previous quarter ended September 2023. Sales declined 19.68% to Rs 259.59 crore in the quarter ended September 2024 as against Rs 323.20 crore during the previous quarter ended September 2023.

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ACME Solar Holdings will hold a meeting of the Board of Directors of the Company on 25 November 2024

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The scrip was listed at Rs 259, exhibiting a discount of 10.38% to the issue price.

So far, the stock has hit a high of 279 and a low of 255. On the BSE, over 7.51 lakh shares of the company were traded in the counter so far.

The initial public offer (IPO) of ACME Solar Holdings was subscribed 2.75 times. The issue opened for bidding on 6 November 2024 and it closed on 8 November 2024. The price band of the IPO was fixed between Rs 275 to 289 per share.

The public issue comprised both offer for sale and a fresh issue. The OFS comprised sales of equity shares with a value aggregating Rs 505 crore by ACME Cleantech Solutions, the promoter company. The fresh issue comprised an issue of shares aggregating up to Rs 2,395 crore.

Of the net proceeds from fresh issue, Rs 1,795 crore for investment in subsidiaries for repayment/prepayment of a portion/full of certain outstanding borrowings availed by its subsidiaries and the balance is for general corporate expenses.

As on 31 August 2024, the company had outstanding borrowings (fund based) of Rs 9,891.693 crore on a consolidated basis.

Ahead of the IPO, ACME Solar Holdings on Tuesday, 5 November 2024, raised Rs 1,300.5 crore from anchor investors. The board allotted 4.5 crore shares at Rs 289 each to 58 anchor investors.

ACME Solar Holdings (ACML) is a renewable power generation company in India with a portfolio of solar, wind, hybrid and FDRE (firm and dispatchable renewable energy) projects.

As end of Oct 29, 2024, it have an aggregate operational solar power capacity of 1,340 MW (1,826 MWp); under construction contracted (Project for which PPA signed but not yet achieved its commercial operation date) capacity of 3,250 MW [comprising 1500 MW of Solar, 150 MW wind, 1030 MW of hybrid, 570 MW of FDRE].

The firm reported a consolidated net profit of Rs 1.39 crore and sales of Rs 309.64 crore for the three months ended on 30 June 2024.

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