Electric Utilities company ACME Solar Holdings announced Q3FY25 results Standalone Financial Highlights: Total revenue stood at Rs 401 crore up 9.9% YoY. EBITDA stood at Rs 359 crore with EBITDA Margin of 89.6%. PAT stood at Rs 112 crore with PAT Margin of 28.0%. Cash PAT stood at Rs 189 crore, growth of 52.5% YoY. Net debt to net worth stood at 1.6x as of Q3FY25 primarily on account of repayment of debt from IPO proceeds. Net debt stood at Rs 6,882 crore comprising: Rs 6,069 crore with respect to operational portfolio. Rs 813 crore with respect to UC capacity. Consolidated Financial Highlights: Standalone financials accounts for in-house EPC business for its own projects which get eliminated at consolidated financials. At Standalone level, the Company reported total revenue of Rs 1,203 crore, EBITDA of Rs 407 crore and Cash PAT of Rs 198 crore for 9MFY25. Business Highlights: Capacity Addition: Commissioned 1,200 MW SECI plant taking operational portfolio to 2,540 MW. The operational portfolio is expected to give a steady state annual EBITDA of Rs 1,750 crore – Rs 1,800 crore. Orderbook: Won capacity of 1,900 MW taking the UC capacity to 4,430 MW Strong Off-takers: 86% of the portfolio tied up with central counterparties PPAs Signed: PPA signed for 2,340 MW representing 53% of UC capacity Financing for UC portfolio: Debt tied up for 1,700 MW (38%) of UC Capacity amounting to ~ Rs 16,500 crore Refinancing for Operational portfolio: Debt tied up of Rs ~Rs 5,500 crore at an average rate of 8.8% p.a. Grid Connectivity: 100% secured for UC capacity and additional ~2,000 MW of applied/secured connectivity Commenting on the financial performance, Manoj Kumar Upadhyay, Chairperson & MD, ACME Solar Holdings, said, “In Q3 FY25, we delivered strong financial & operating performance, driven by significant capacity expansions. A key milestone was the successful commissioning of the 1,200 MW ISTS SECI Plant in Rajasthan, taking our operational portfolio to 2,540 MW. This achievement represents one of the largest single-day commissioning of solar projects. During the quarter, our consolidated EBITDA stood at Rs 359 crore, up 15.7% and consolidated PAT stood at Rs 112 crore, up 152% on a YoY basis. We are committed to driving growth, enhancing executional and operational efficiency, and delivering exceptional value to our stakeholders. With growing demand for renewable energy and strong support from both the government and other stakeholders, we are well-positioned to capitalize emerging opportunities. This momentum is expected to drive sustained revenue growth as more projects become operational in the years ahead.” Result PDF