• Source:JND
Add as a preferred

ACME Solar Holding Share Price: The stock of ACME Solar Holdings fell by as much as 7.5 per cent on November 26 after the company reported a significant decline in its net profit in the second quarter. At 3:22 pm, the stock of ACME Solar was trading at Rs. 250.45 on the NSE, However, the stock rebounded in the afternoon trade was trading at the level of Rs 255.30, down 1%.

ACME Solar Holdings said on Monday that its consolidated net profit declined 60 per cent to Rs 15.29 crore in the September quarter. The primary reason for this is a decrease in revenue. According to the information provided by the company to BSE, the company made a net profit of Rs 38.63 crore in the same quarter last year.

Total income also decreased from Rs 356.95 crore to Rs 295.14 crore. ACME Solar Holdings has a diverse portfolio in solar, wind, hybrid, and firm and dispatchable renewable energy (FDRE) projects. The company is one of the top 10 renewable energy independent power producers in India, with an operational capacity of 2,540 MW and a capacity of 4,180 MW under construction.

This is a developing story