Archive · 2 Jun 2025
ACME Solar Anticipates Strong Earnings and Growth in Renewable Energy
ACME Solar is expanding its renewable energy capacity, aiming for significant growth and revenue.
The company is confident in achieving its financial goals by 2030, driven by increased capacity, better prices for electricity, and efficient operations.
ACME has long-term contracts with the government, ensuring a stable revenue stream.
They are also focused on controlling costs by building larger plants.
Financially, they reported strong earnings in the March quarter, with increased revenue and improved profit margins.
They manage debt carefully, funding projects in phases.
ACME Solar aims to achieve ₹7,000 crore in EBITDA before 2030.
The company's current renewable energy capacity is 2.7 GW, with plans to reach 7 GW by 2027.
Average tariffs for operational projects are around ₹3.5 per unit.
Revenue for the March quarter increased by 64.9% to ₹486.8 crore.
EBITDA margin improved to 89.5% in the March quarter.
- Who
- ACME Solar
- What
- ACME Solar is confident of achieving its financial goals, aiming to increase its renewable energy capacity.
- When
- The company expects to achieve its financial targets before 2030.
- Where
- Not specified
- Why
- To achieve its long-term financial goals driven by capacity growth and better earnings.
Company Performance
Financial Strategy
Capacity
Company Performance
Currently operating 2.7 GW renewable energy capacity, and aiming for 3 GW in the near term
Financial Strategy
Increasing capacity to 7GW by 2027 and 10 GW by 2030
- EBITDA Target
- ₹7,000 crore
- Current Renewable Energy Capacity
- 2.7 GW
- Capacity Target by 2027
- 7 GW
- Average Tariff (Operational Projects)
- ₹3.5 per unit
- EBITDA Margin (March Quarter)
- 89.5%
- Revenue (March Quarter)
- ₹486.8 crore
- Net Debt to EBITDA Ratio
- Below 5.5x