ACME Solar Holdings posts ₹122 cr profit in Q4FY25

The company secured 1,900 MW projects during FY25 resulting in a total portfolio of 6,970 MW. It signed power purchase agreements (PPAs) for 1,890 MW during the year

ACME Solar Holdings have reported a 77 per cent year-on-year decline in its consolidated net profit at around ₹122 crore in Q4FY25 largely on account of an exceptional gain made in Q4FY24.

However, its profit was higher by 9 per cent on a sequential basis.

The company reported its Q4FY25 results on Monday late night. The RE firm’s consolidated total income was higher during the March quarter in FY25 at around ₹539 crore compared to ₹400 crore in Q3FY25 and ₹318 crore in Q4FY24.

ACME Solar Holdings said that 1,200 megawatt (MW) solar projects were commissioned during the year with an additional 165 MW solar capacity commissioned in May 2025.

Projects secured

The company secured 1,900 MW projects during FY25 resulting in a total portfolio of 6,970 MW. It signed power purchase agreements (PPAs) for 1,890 MW during the year.

Capacity utilisation factor (CUF) rose to 25.6 per cent in FY25 from 23.6 per cent in FY24. Net debt stood at ₹7,507 crore as of FY25.

On monetisation, the company in its investor presentation said, ““369 MW of operational assets were monetised in FY24 which contributed ₹276 crore to the total revenue in FY24. For like-to-like periodic comparison with FY25, the financials of FY24 have been adjusted to factor the impact of monetised assets.”

In Q4FY25, Rajasthan-based operational assets with 1,950 MW contracted capacity were delivered at an average CUF of 29.4 per cent, it added.

Plant availability and grid availability stood at 99.5 per cent and 99.8 per cent, respectively for FY25.

Manoj Kumar Upadhyay, Chairperson & MD ACME Solar Holdings, said, “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, he added.

Published on May 20, 2025