Acme Solar reports 652% net profit growth in Q2
market hours1 source ↓written by the desknot a recommendation
- year-on-year
- 652%
- Revenue surged
- ₹601 crore
- rise
- 104%
- total capacity
- 378 MW
- from 22.2
- 24.1%
Acme Solar Holdings posted a net profit of ₹115 crore, up 652% year-on-year, driven by increased capacity and utilization. Revenue surged to ₹601 crore, marking a 104% rise. The company partially commissioned 28 MW of a wind project, enhancing its total capacity to 378 MW. This strong performance may boost investor sentiment in the renewable sector. ⚡
Key Points:
• EBITDA rose 108% to ₹534 crore
• Capacity utilization improved to 24.1% from 22.2%
• Contracts secured for 720 MW of solar capacity
Not investment advice. For informational purposes only.