ACME Solar Holdings Limited, a leading player in India's renewable energy sector, has reported robust financial results for the second quarter of fiscal year 2026, showcasing significant growth across key metrics.

Financial Highlights

The company's consolidated financial performance for Q2 FY26 demonstrates substantial year-over-year improvements:

The company's impressive growth in revenue and profitability can be attributed to increased capacity addition and higher Capacity Utilization Factor (CUF).

Operational Performance

ACME Solar's operational metrics also showed marked improvement:

• Generated 1,539 million units in Q2 FY26, up 133.80% from Q2 FY25
• Capacity Utilization Factor increased from 22.20% in Q2 FY25 to 24.10% in Q2 FY26
• Plant availability and grid availability stood at 99.50% and 99.40% respectively for Q2 FY26

Business Expansion and Achievements

The company continued to expand its portfolio and secure new projects:

• Partially commissioned 28 MW out of a 100 MW wind project in Gujarat
• Won 720 MW/2,460 MWh of Solar + ESS and FDRE capacity, along with 550 MWh standalone BESS capacity
• Signed PPAs for 50 MW/220 MWh, including its first PPA with private discom Tata Power Company Limited
• Ordered an additional 2 GWh BESS from leading global energy system suppliers, bringing total BESS ordered to 5.1 GWh
• Cumulative H1 FY26 commissioned capacity reached 378 MW

Financial Strength and Credit Rating

ACME Solar's financial position has been further solidified:

• Secured debt of approximately ₹7,050.00 crore for 680 MW FDRE projects
• Achieved refinancing of ₹1,100.00 crore at an interest rate of 8.40% p.a. for a 300 MW operational project
• Received credit rating upgrades to AA-/Stable from both CRISIL and ICRA
• Declared an interim dividend of ₹0.20 per share totaling ₹121.02 million for FY25

Management Commentary

Mr. Manoj Kumar Upadhyay, Chairperson & MD of ACME Solar Holdings Ltd, commented on the quarterly performance: "Our quarterly performance underscores the continued strength of our renewable portfolio and our operational discipline. With higher generation and improved efficiency, we delivered resilient financial performance - achieving more than 100% growth in EBITDA on y-o-y basis."

He further added, "Looking ahead, phased delivery of the 5.1 GWh BESS order is expected to commence in December, with staged commissioning from Q4 FY26 onwards. Our continued focus on timely project execution, operational excellence, and disciplined capital allocation - combined with ongoing efforts to optimize financing costs – shall keep on strengthening the balance sheet."

ACME Solar's strong Q2 FY26 results reflect the company's growing prominence in India's renewable energy sector. With its expanding portfolio, improved operational efficiency, and strategic financial management, the company appears well-positioned for continued growth in the evolving clean energy landscape.

ACME Solar Holdings Limited has announced a significant development in its business operations. The company's wholly-owned subsidiary, ACME Greentech Eighth Private Limited, has been granted a Category 'IV' trading license for inter-state electricity trading by the Central Electricity Regulatory Commission (CERC) in New Delhi.

License Details

The license, which is valid for 25 years, allows ACME Greentech Eighth Private Limited to engage in inter-state electricity trading across India. This strategic move positions the company to potentially generate additional revenue through trading margins in the electricity market.

Key Information

Potential Impact

The acquisition of this license is a strategic move for ACME Solar Holdings. It enables the subsidiary to:

1. Undertake electricity trading operations across state borders in India.
2. Generate revenue through trading margins, which represent the difference between the buying and selling prices of electricity.

This development may open up new revenue streams for the company, potentially enhancing its market position in the energy sector.

Regulatory Compliance

ACME Solar Holdings has duly informed the stock exchanges about this development, in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

As the renewable energy sector in India continues to evolve, this license could provide ACME Solar Holdings with additional flexibility in its operations and potentially contribute to its growth strategy in the coming years.