Acme Solar shares witnessed a sharp rally in Monday morning trade, gaining over 6% after the company posted strong financial results for the first quarter of FY26. The stock opened at ₹284.85, significantly higher than its previous close of ₹270.45, and surged to an intraday high of ₹296.41, just shy of its 52-week high of ₹303.94. As of 9:30 AM, the shares were trading 5.74% higher at Rs 285.98.
The optimism around the stock was driven by the company’s robust quarterly performance. On a year-on-year basis, Acme Solar’s consolidated revenue rose 65% to ₹511 crore, compared to ₹310 crore in the same quarter last year.
EBITDA also showed impressive growth, rising 68.5% to ₹458 crore from ₹272 crore. The company’s net profit stood at ₹131 crore, a massive leap from just ₹1.4 crore in Q1 FY25, indicating improved efficiency and profitability.
Acme Solar also maintained strong operational margins, reporting 89.6% in Q1 FY26, slightly higher than 87.8% in the year-ago quarter.
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