ACME Solar Holdings Ltd

ACME Solar Holdings announced the commissioning of additional 19.8 MW out of 50 MW capacity of wind power project at Shapar, Gujarat by ACME Pokhran Solar, a wholly owned subsidiary of the company. With this the subsidiary has achieved a commissioned capacity of 46.2 MW out of 50 MW and the project is expected to be fully commissioned in the next few days. With this, the total operational renewable energy capacity of the company has increased to 2,826.2 MW.Powered by Capital Market - Live

ACME Solar Holdings announced that its wholly owned subsidiary, ACME Sikar Solar, has now commissioned Phase-III of 75 MW of the said project on 09 June 2025. With this ACME Sikar Solar has achieved a commissioned capacity of 240 MW out of 300 MW and the balance capacity is under commissioning. With this, the total operational renewable energy capacity of the Company has increased to 2,806.4 MW. The ACME Sikar Solar power project is spread across 1300 acres in Bikaner, Rajasthan. Powered by Capital Market - Live

ACME Solar Holdings announced that Sanjay Dhawan (DIN: 01275608) has tendered his resignation from the position of Independent Director of the Company, with effect from the close of business hours on 30 May 2025.Powered by Capital Market - Live

ACME Solar Holdings has successfully commissioned the first phase of its maiden wind power project, located in Shapar, Gujarat. The current commissioning of 26.4 MW is part of 50 MW ACME Pokhran wind project to be fully commissioned in phases. With this milestone, the company's total operational capacity has increased to 2731.4 MW. Powered by Capital Market - Live

Despite the steep drop in profitability, the company's revenue from operations surged 64.95% to Rs 486.89 crore during the quarter, reflecting strong topline growth. The company reported a profit before exceptional items of Rs 180.35 crore, compared to a loss of Rs 14.99 crore in the same period last year. However, the firm has reported an exceptional loss of Rs 14.08 crore was recorded during the quarter. EBITDA for the quarter increased sharply by 118.3% YoY to Rs 488 crore, up from Rs 224 crore in Q4 FY24. The EBITDA margin also improved significantly to 90.5% in Q4 FY25, from 70.3% reported in Q4 FY24. For the full financial year FY25, the company's consolidated net profit dropped 63.87% to Rs 252.11 crore, even as revenue from operations rose 6.54% to Rs 1,405.13 crore compared to FY24. The company's net debt stood at Rs 7,507 crore as of FY25, with Rs 6,232 crore linked to the operational portfolio and Rs 1,275 crore associated with under-construction (UC) capacity. The net debt-to-EBITDA ratio came in at 4.4x, comfortably within the company's target range of 5.5x. During the year, Acme commissioned 1,200 MW of solar power projects. In addition, 165 MW of capacity was commissioned in May 2025, representing a 101.9% increase over the previous fiscal year. The company won 1,900 MW in new projects, taking its total portfolio to 6,970 MW. It also signed 1,890 MW of Power Purchase Agreements (PPAs) during FY25. Operationally, the company achieved a Capacity Utilisation Factor (CUF) of 25.6%, generating 4,013 million units (MUs) of electricity'up 55.2% year-on-year. Acme also strengthened its balance sheet through an equity raise, improving the net debt-to-net worth ratio to 1.7x, positioning the company well for future growth. Manoj Kumar Upadhyay, chairperson & MD, ACME Solar Holdings, said, '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'the 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 Rs 539 crore, while EBITDA surged 118% to Rs 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.' ACME Solar Holdings (ACML) is a renewable power generation company in India with a portfolio of solar, wind, hybrid and FDRE (firm and dispatchable renewable energy) projects. The counter slipped 2.94% to Rs 239.05 on the BSE. Powered by Capital Market - Live

Net profit of ACME Solar Holdings declined 76.83% to Rs 123.36 crore in the quarter ended March 2025 as against Rs 532.39 crore during the previous quarter ended March 2024. Sales rose 64.96% to Rs 486.89 crore in the quarter ended March 2025 as against Rs 295.16 crore during the previous quarter ended March 2024. For the full year,net profit declined 63.87% to Rs 252.11 crore in the year ended March 2025 as against Rs 697.80 crore during the previous year ended March 2024. Sales rose 6.54% to Rs 1405.13 crore in the year ended March 2025 as against Rs 1318.85 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales486.89295.16 65 1405.131318.85 7 OPM %89.4967.99 -87.9282.58 - PBDT282.5746.26 511 646.33468.87 38 PBT180.35-14.99 LP 359.02160.74 123 NP123.36532.39 -77 252.11697.80 -64 Powered by Capital Market - Live

ACME Solar Holdings will hold a meeting of the Board of Directors of the Company on 19 May 2025.Powered by Capital Market - Live

ACME Solar Holdings will hold a meeting of the Board of Directors of the Company on 25 April 2025.Powered by Capital Market - Live

The financing initiative aims to support a project life of 18 to 20 years, focusing on refinancing existing debt facilities and reducing financing costs for the company's 490 MW operational renewable energy projects across Andhra Pradesh, Rajasthan, and Punjab. This refinancing of state counterparty projects has been secured from the State Bank of India (SBI) and Rural Electrification Corporation (REC) at a reduced weighted average interest rate of 8.8%. This strategic move has improved the credit profile and secured a higher credit rating for the Andhra Pradesh and Punjab entities under a co-obligor structure. This move aligns with the group's objective of achieving a credit rating upgrade and reducing overall interest costs for all operational projects. The Andhra Pradesh (160 MW) and Punjab (30 MW) projects have an operational track record of approximately nine years, while the Rajasthan project (300 MW) has been operational for around three years. ACME Solar Holdings is at the forefront of India's transition to clean energy, with an operational capacity of 2,540 MW and a robust target of reaching 6,970 MW within the next three years. Purushottam Kejriwal, chief financial officer of ACME Solar Holdings, said, 'The refinancing initiative aligns with our strategy to create an efficient capital structure while consistently reducing cost of debt. We have been able to improve our projects' credit ratings by demonstrating our commitment to financial discipline and stability. The reduced cost of debt enables us to further strengthen our financial position as we pursue capacity growth over the next three years.' ACME Solar Holdings (ACML) is a renewable power generation company in India with a portfolio of solar, wind, hybrid and FDRE (firm and dispatchable renewable energy) projects. The company's consolidated net profit surged 152.14% to Rs 112.05 crore in Q3 FY25 as compared with Rs 44.44 crore in Q3 FY24. Revenue from operations increased 5.24% YoY to Rs 349.01 crore during the quarter. Powered by Capital Market - Live

ACME Solar Holdings has secured Rs 2,491 crore long term project finance facility for project life of 18- 20 years to refinance its existing debt facilities and reduce cost of financing of its 490 MW operational renewable energy projects in Andhra Pradesh, Rajasthan and Punjab. This refinancing of state counterparty projects has been secured from SBI and REC at reduced weighted average interest rate of 8.8%. This has helped to improve the credit profile and obtain higher credit rating for Andhra Pradesh and Punjab entities under co-obligor structure. This aligns well with group's goal of credit upgrade and bringing overall interest cost down for all operational projects. The operational track record for AP (160 MW) & Punjab (30 MW) Project is ~9 years and Rajasthan (300 MW) is ~3 Years. According to Purushottam Kejriwal, Chief Financial Officer of ACME Solar Holdings, 'The refinancing initiative aligns with our strategy to create an efficient capital structure while consistently reducing cost of debt. We have been able to improve our projects' credit ratings by demonstrating our commitment to financial discipline and stability. The reduced cost of debt enables us to further strengthen our financial position as we pursue capacity growth over the next three years.' Powered by Capital Market - Live