ACMESOLAR · Power
Half or more of pre-tax profit came from other income. What is it, and does it repeat?
Other income was 200% of profit before tax, against 95% a year earlier.
Source: Quarterly statements
A lower tax rate lifted profit. Is the lower rate going to last?
Effective tax rate 16.0% against 36.0% over the previous quarters, worth about ₹3.6 cr of profit.
Source: Quarterly statements
Operating margin fell sharply on the year. Pricing, input costs, or mix?
EBITDA margin 85.0%, −478 bps on the year (−274 bps on the quarter).
Source: Quarterly statements
Could not run on this quarter: Exceptional items that recur, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹323 cr | ₹332 cr | ₹295 cr | ₹310 cr | ₹260 cr | ₹349 cr | ₹487 cr | ₹511 cr | ₹468 cr | ₹497 cr | ₹548 cr | ₹858 cr |
| YoY | — | — | — | −16% | −20% | +5% | +65% | +65% | +80% | +42% | +13% | +68% |
| EBITDA margin | 89.8% | 83.4% | 68.1% | 87.7% | 85.0% | 88.0% | 89.5% | 89.6% | 85.5% | 89.3% | 87.4% | 85.5% |
| Other income, % of PBT | 95% | 134% | 106% | 60% | 200% | 44% | 23% | 33% | 88% | 77% | 90% | 29% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 50% | — | 22% | — | 16% | −8% | 27% | 25% | 26% | 27% | 27% | 29% |
| Net profit | ₹39.0 cr | ₹44.0 cr | ₹532 cr | ₹1.0 cr | ₹15.0 cr | ₹112 cr | ₹122 cr | ₹131 cr | ₹115 cr | ₹114 cr | ₹138 cr | ₹235 cr |
| YoY | — | — | — | −99% | −62% | +155% | −77% | +13,000% | +667% | +2% | +13% | +79% |
| Core profit YoY | — | — | — | −65% | −550% | — | — | +485% | — | −38% | −85% | +101% |
| EPS | ₹3.70 | ₹4.26 | ₹50.97 | ₹0.03 | ₹0.29 | ₹1.85 | ₹2.04 | ₹2.16 | ₹1.90 | ₹1.88 | ₹2.30 | ₹3.33 |
| Flags | 1 | 2 | 2 | 1 | 3 | 2 | ✓ | 1 | 2 | 3 | 3 | 2 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
ACME Solar Holdings Ltd. reported revenue of ₹260 cr (−19.5% on the year) and net profit of ₹15.0 cr (−61.5% on the year) for July to September 2024.
Profit before other income, exceptional items and tax moved −550.0% on the year, against −61.5% for reported profit.
3 checks raised a question: Half or more of pre-tax profit came from other income. What is it, and does it repeat?
No. FinMinutes reports what was filed and the questions the numbers raise. It does not recommend buying, selling or holding any security.
Numbers as filed with the exchanges, read by rules. Every flag is a question with its source, not an accusation. FinMinutes is a financial data and analytics platform; nothing here is a recommendation to buy, sell or hold any security. How each check works.