ACME Solar Share Price: Revenue **54%** Bhaga, Margins Bhi Tagde! Kya Hai Naya Target?

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AuthorIshaan Verma|Published at:
ACME Solar Share Price: Revenue **54%** Bhaga, Margins Bhi Tagde! Kya Hai Naya Target?
Overview

Yaar, ACME Solar ke investors ke liye Q3 FY26 ka result ekdum zabardast nikla! Company ka revenue saal dar saal **54%** bhaga, aur sabse achhi baat, EBITDA margins **91.5%** par pahunch gaye. Bas itna hi nahi, company ne Battery Energy Storage Systems (BESS) mein bhi bade plans bataye hain!

Pura hisaab-kitaab dekhein toh ACME Solar Holdings ne Q3 FY2025-26 mein kamaal hi kar diya. Company ka total revenue ₹617 crore pahunch gaya, jo pichhle saal ke same quarter se 54% zyada hai. Ye sab bade capacity additions aur better Customer Unit Factor (CUF) ki wajah se hua.

Jab baat profitability ki aati hai, toh EBITDA margin 91.5% tak pahunch gaya, jo pichhle saal 89.6% tha. Iski wajah se, Profit After Tax (PAT) ₹114 crore raha, aur PAT margin 18.4% tha. Shareholders ke liye achhi baat ye hai ki Cash Return on Equity (ROE) 20.6% par hai.

Operations mein bhi company ne dumdaar kaam kiya hai. Is quarter mein 72 megawatt (MW) ki naye wind capacity ko commission kiya gaya, jisse total operational portfolio 2,962 MW ho gaya hai. Energy generation mein bhi 49% se zyada ka uchaal aaya aur yeh 1,567 million units tak pahunch gaya. CUF bhi sudhar kar 24.3% ho gaya aur grid availability toh 99.5% se upar hi rahi.

Ab risks ki baat karein toh, China dwara solar products par VAT export rebates wapas lene se ACME Solar ne kaha ki uska impact manageable hai. Unke hisaab se future mein jo modules buy kareinge, us par lagbhag ₹1 prati module ka hi cost increase hoga, jo budget ke andar hai. Curtailment losses bhi zyada nahi thay, Sikar project mein bas ₹17.5 crore ka ek baar ka impact tha jo ab theek ho gaya hai.

Future outlook toh aur bhi bright lag raha hai. ACME Solar ne apne Battery Energy Storage Systems (BESS) ke targets badha diye hain. Company ko umeed hai ki Q4 FY26 mein 2 gigawatt hour (GWh) BESS operational ho jayega aur Q1 FY27 mein 2 GWh aur aa jayega. Calendar year 2027 tak toh 10 GWh BESS ka target rakha hai! FY'27 mein lagbhag 1.5 GW contracted renewable capacity execute karne ka plan hai, aur 2030 tak 10 GW operational capacity banane ka bada goal hai.

Achhi baat ye hai ki company ne apne ban rahe projects ke 90% se zyada ke liye debt arrange kar liya hai aur high-teen returns (>=16%) ka aim hai. Debt to EBITDA ratio 4.2x aur net debt to net worth 2x maintain kiya hai, jismein weighted average cost of debt 8.45% hai. Aage chal kar Naye capacity build-up, 770 MW ke aas-paas PPA signings, aur Perovskite, robotic installation jaisi nayi technologies mein investment se growth milne ki ummeed hai.

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