ACME Solar Holdings Ltd
ACME Solar Holdings Q4 FY25 earnings call: Revenue & Margins
Q4 FY25 earnings call: what management guided on revenue, margins and order book.
The short version
ACME Solar targets a contracted capacity of 7 GW by FY '27-'28 and aims for 10 GW by FY '30, combining FDRE (Firm Delivery Renewable Energy) and hybrid projects. ACME Solar targets reaching around 10 GW contracted capacity by FY '30, expanding from 2.7 GW operational currently, with 3.5-4.5 GW capacity additions planned by FY '27-'28.
From ACME Solar Holdings Ltd's Q4 FY25 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- ACME Solar targets a contracted capacity of 7 GW by FY '27-'28 and aims for 10 GW by FY '30, combining FDRE (Firm Delivery Renewable Energy) and hybrid projects.
- Revenue growth is expected from commissioning near-ready projects totaling 450 MW in FY '26 and about 1.89-2.2 GW in FY '27.
- The company focuses on profitability over just installed capacity, with installed capacity potentially over 20 GW including battery and solar.
- Increasing focus on technology innovation and execution to meet India's growing energy demand, especially base and peaking power via FDRE and hybrid solutions.
- Financial prudence with no intent to raise further equity; capex scheduled as per secured PPAs and balanced year-wise commissioning.
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Profitability & Margins
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Capital Expenditure Plans
- Capex of around INR 20,000 crores planned, funded by INR 16,500 crores debt and ~INR 4,000 crores equity (from cash accruals and unutilized credit lines).
- Focus on executing large infrastructure projects requiring contiguous land; efforts ongoing to secure government land to improve execution capacity.
- Capex locked-in for batteries at prices well below initial budget, with Tier 1 Chinese suppliers and currency hedges in place.
- Strategic investments in equipment including PCS, transmission lines, transformers, wind turbines, and gas-insulated substations for improved reliability and efficiency.
- Building operational and near-commissioning projects, targeting increased capacity to 10 GW by FY '30, staggered yearly for balanced execution.
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Top-ranked in Power
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- Under construction locked-in capacity stands at 4.3 GW.
- Of this, around 2.2 GW is already PPA signed.
- Balance 2.1 GW are LOA awarded, with PPA signing expected soon.
- Bunching up of PPA signing expected; around three PPAs aggregating to ~750 MW are in the final stage and expected to be signed soon.
- Tariff adopted and order reserved for over 90% of the 4.3 GW under construction projects.
- Connectivity in place for the entire portfolio plus surplus connectivity of 2.5 GW applied/secured for future bids.
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ACME Solar Holdings Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹548 Cr, net profit ₹138 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What ACME Solar Holdings Ltd's management said in earlier quarters
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Frequently Asked Questions
What were ACME Solar Holdings Ltd Q4 FY25 results?
ACME Solar targets a contracted capacity of 7 GW by FY '27-'28 and aims for 10 GW by FY '30, combining FDRE (Firm Delivery Renewable Energy) and hybrid projects. ACME Solar targets reaching around 10 GW contracted capacity by FY '30, expanding from 2.7 GW operational currently, with 3.5-4.5 GW capacity additions planned by FY '27-'28.
What is ACME Solar Holdings Ltd share price analysis?
ACME Solar Holdings Ltd currently shows a neutral. The stock trades at a P/E of 45.4 with a market cap of ₹27,020 Cr. Investors should review the full earnings analysis for detailed insights.
Is ACME Solar Holdings Ltd planning capital expenditure?
Capex of around INR 20,000 crores planned, funded by INR 16,500 crores debt and ~INR 4,000 crores equity (from cash accruals and unutilized credit lines).
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.