Q4 FY25 Performance Hit by Previous Year’s Exceptional Gain
New Delhi, May 20 – ACME Solar Holdings reported a 77% year-on-year decline in consolidated net profit for the quarter ended March 2025 (Q4 FY25), primarily due to the absence of an exceptional gain that boosted the previous year’s earnings.The company posted a net profit of ₹122 crore for Q4 FY25, compared to ₹532.3 crore in Q4 FY24. The sharp drop was attributed to a one-time gain of ₹696 crore in the corresponding quarter last year, arising from the divestment of 369 MW of operational solar assets located in Punjab, Uttarakhand, and Karnataka.
Revenue Growth and Rising Expenses
Despite the decline in bottom line, total income surged to ₹539.2 crore in Q4 FY25, up from ₹318 crore in the same quarter of FY24, according to the company’s filing with the BSE.However, finance costs rose to ₹205.5 crore from ₹177.3 crore, while depreciation and amortisation expensesincreased significantly to ₹102.2 crore from ₹61.2 crore in Q4 FY24. These escalating costs contributed to the pressure on quarterly profitability.
Full-Year FY25 Results
For the full fiscal year FY25, ACME Solar reported a consolidated net profit of ₹250.8 crore, down from ₹697.7 crore in FY24, again due to the previous year’s exceptional gain.Project Commissioning and Expansion Update
In a separate announcement, the company confirmed that its wholly-owned subsidiary, ACME Sikar Solar Private Ltd, has commissioned Phase-II of its 112.5 MW solar project in Bikaner, Rajasthan. With this milestone, the subsidiary has successfully commissioned 165 MW out of a total 300 MW, with the remaining capacity currently under commissioning.Debt Position and Portfolio Overview
As of FY25, ACME Solar’s net debt stood at ₹7,507 crore.ACME Solar Holdings is a leading integrated renewable energy company in India, with a diversified portfolio of 6,970 MW across solar, wind, firm and dispatchable renewable energy (FDRE), and hybrid projects. The company is recognized as one of India’s top 10 renewable Independent Power Producers (IPPs), with 2,705 MW of operational capacity and 4,265 MW under construction.
