ACME Solar Q4 profit drops 77% to INR 122 crore despite strong revenue growth

Acme Solar has reported a net profit of INR 122 crore for the fourth quarter ended March 31, 2025, down 77% year-on-year from INR 532 crore in Q4 FY 2024. The total income for the quarter, however, rose 69.5% YoY to INR 539.25 crore.

May 19, 2025 Uma Gupta

Acme Solar's PV project in Jaisalmer

Image: Acme Solar

Acme Solar has reported a 77% year-on-year drop in net profit to INR 122 crore for the fourth quarter ended March 31, 2025. The developer’s total income for the quarter, however, rose to INR 539.25 crore, up 69.5% year-on-year from INR 318 crore in Q4 FY 2024.

For the full fiscal year ended March 31, 2025, total income stood at INR 1,575 crore, 7.4% up from INR 1,466 crore in FY 2024. Net profit dropped to INR 250.8 crore from INR 697.7 crore in FY 2024.

FY 2025 marked significant capacity addition for the developer as it commissioned 1.2 GW of solar projects during the year. Additional 165 MW solar capacity was commissioned in May 2025, taking the cumulative operational capacity to 2,705 MW—101.9% up from 1,340 MW as of March 31, 2024.

With 1,900 MW projects won during the year, the company now has a total contracted portfolio of 6,970 MW. The projects won include 1 GW FDRE, 600 MW solar and 300 MW hybrid capacities. Moreover, the company signed power purchase agreements for 1,890 MW (1,590 MW FDRE and 300 MW hybrid capacities) during the year.

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