ACME Solar Q3 results: Net profit jumps two-and-a-half-fold to Rs 112 cr

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ACME Solar Q3 results: Net profit jumps two-and-a-half-fold to Rs 112 cr - Business Standard

Quick Summary:

Integrated renewable energy firm ACME Solar Holdings on Wednesday posted two-and-a-half-fold jump in consolidated net profit to Rs 112 crore in the December quarter, compared to the year-ago period, mainly on the back of higher revenues.

"In Q3 FY25, we delivered strong financial & operating performance, driven by significant capacity expansions," said Manoj Kumar Upadhyay, Chairperson & MD, ACME Solar Holdings.

Upadhyay further said that a key milestone was the successful commissioning of the 1,200 MW ISTS (inter-state transmission system) SECI (Solar Energy Corporation of India) Plant in Rajasthan, taking our operational portfolio to 2,540 MW.