| Metric | Value (₹ Cr) | vs Q3 FY25 |
|---|---|---|
| Revenue | 486.89 | 39.5% |
| Total Income | 539.25 | 34.5% |
| Expenditure | 358.91 | 23.5% |
| PBT | 166.27 | 60.8% |
| Net Profit | 122.08 | 8.9% |
| OPM | 86.60% | 143.10pp |
| NPM | 22.64% | 5.32pp |
| EPS | 2.15 | 2.9% |
ACME Solar Reports Strong Performance for Q4 and FY25 with 7.4% Revenue Growth
19 May 2025 · 19 May 2025, 09:50 pm
Summary
ACME Solar Holdings Ltd has reported a strong performance for Q4 and FY25. The company's total revenue has grown by 7.4% to INR 1,575 Cr, EBITDA has increased by 13.7% to INR 1,406 Cr, and Cash PAT has surged by 154% to INR 559 Cr. The company has commissioned 1,200 MW solar projects and won 1,900 MW projects during the year. The net debt-to-net worth stands at 1.7x. The company has also declared an interim dividend of INR 0.20/share for FY25.
Key Highlights
- 1
1,200 MW solar projects commissioned during the year
- 2
Additional 165 MW solar capacity commissioned in May’25
- 3
1,900 MW projects won during the year resulting in total portfolio of 6,970 MW
- 4
1,890 MW of PPAs signed during the year
- 5
Generated CUF of 25.6% with 4,013 MUs, 455.2% from FY24
- 6
Balance sheet strengthening via equity raise improving net debt-to-net worth of 1.7x
- 7
INR 7,700 Cr’ refinanced debt tied up resulting in average ~75 bps debt cost reduction for refinanced projects
- 8
Credit rating upgraded to CRISIL A+/ Positive for Acme Solar
- 9
Revenue increased by 69.5% for quarter (yoy basis), driven by capacity addition of 1200 MW
- 10
Healthy EBITDA margin of 90.5% in Q4 FY25
- 11
PAT margin stood at 22.6% in Q4 FY25
- 12
For FY25, PAT rose significantly to INR 251 Cr in FY25, compared to INR 109 Cr in FY24 demonstrating a 130.7% increase
- 13
Net debt stood at INR 7,507 Cr as of FY25
- 14
Days Sales Outstanding decreased by 55.2%, dropping from 93 days in FY24 to 42 days’ in FY25
Management Comments
Mr. Manoj Kumar Upadhyay
Chairperson & MD, ACME Solar Holdings Ltd
As India’s energy landscape evolves, ACME Solar is well-positioned to lead the transition towards integrated, scalable, and firm renewable energy solutions. FY25 has been a remarkable year for us. We significantly expanded our operational portfolio and successfully commissioned our largest single-location project - 1,200 MW SECI ISTS solar project. This capacity build-out, aligned with disciplined capital structuring, is now translating into stronger earnings performance. In Q4 FY25, our revenue rose by 70% year-on-year to INR 539 crore, while EBITDA surged 118% to INR 488 crore. As we continue to scale our presence in the hybrid and FDRE space, our business is becoming more resilient and future ready. With over 4,265 MW under construction and strong alignment across stakeholders, we are confident in our ability to deliver sustained growth and long-term value creation. Looking ahead, we are targeting a contracted capacity portfolio of 10 GW by 2030, reinforcing our commitment to sustainable growth and energy transition leadership.
Informational and educational content only. Not investment advice.