ACME Solar Holdings Ltd. Results

H1FY25 & Q2FY25 Result Announced for ACME Solar Holdings Ltd.

Electric Utilities company ACME Solar Holdings announced H1FY25 & Q2FY25 results Financial Highlights: Total revenue for H1FY25 at Rs 635 crore up 5.5% YoY and Q2FY25 at Rs 295 crore up 7.4% YoY. EBITDA for H1FY25 at Rs 558 crore, up 4.8% YoY and Q2FY25 at Rs 256 crore, up 3.7% YoY. Consistent and healthy EBITDA margin at ~88%. Cash PAT for H1FY25 at Rs 152 crore, up 10.6% YoY and Q2FY25 at Rs 75 crore, up 75.4% YoY. PAT at Rs 15 crore for the Q2FY25 vis-a-vis Rs 1 crore in Q1FY25 on a QoQ basis. Net Debt/Equity stood at 2.1x as of Q2FY25. Operational Highlights: Capacity utilization factor has incroreeased 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 implementation of drycleaning robots streamlined the process of module cleaning and enhanced operational performance.