ACMESOLAR · Power
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Headline vs core profit, 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 ₹487 cr (+65.1% on the year) and net profit of ₹122 cr (−77.1% on the year) for January to March 2025.
None of the 6 checks that could run raised a question.
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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.