Acme Solar Holdings Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025.
ACMESOLAR · price
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On the reaction day the stock moved 3.5 pts less than Nifty Smallcap 250 and 2.5 pts less than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Acme Solar Holdings reported consolidated revenue from operations of Rs. 14,051 million for FY25, up about 6.5% from Rs. 13,192 million in FY24, helped by strong Q4 revenue of Rs. 4,869 million (up ~65% YoY). Consolidated profit after tax for FY25 fell sharply to Rs. 2,508 million from Rs. 6,978 million a year ago, mainly because FY24 included a one-time exceptional gain of Rs. 7,212 million from sale of investment assets (369 MW divested in January 2024); FY25 has only a minor exceptional item. Standalone revenue surged to Rs. 13,521 million from Rs. 4,708 million as the EPC business scaled up, though standalone Q4 slipped into a small loss of Rs. 106 million. The company completed its IPO in November 2024, listing on BSE and NSE and raising Rs. 22,933 million net, which was used to prepay subsidiary borrowings and for general corporate purposes. Joint statutory auditors Walker Chandiok and S. Tekriwal issued an unmodified (clean) opinion on both sets of results, and an interim dividend of Rs. 0.20 per share was declared on April 25, 2025.
The sharp drop in FY25 net profit is more about the absence of last year's one-time divestment gain than weakening operations — core revenue is growing and EBITDA margins have expanded to about 89%. Shareholders also benefit from the recently listed status, IPO-funded debt prepayment, a maiden dividend, and a new Group CFO (Rajat Kumar Singh) taking charge, which should support the stock narrative going forward.