ACME Solar Holdings Limited, a leading player in the solar energy sector, has reported impressive financial results for the first quarter, showcasing robust growth across key metrics.

Soaring Profits and Revenue

The company's net profit skyrocketed to ₹1.30 billion, marking a phenomenal increase from ₹0.14 billion in the same period last year. This extraordinary growth in profitability underscores ACME Solar Holdings' operational efficiency and strategic positioning in the renewable energy market.

Revenue for the quarter climbed to ₹5.10 billion, up from ₹3.70 billion year-over-year, representing a solid 37.84% increase. This substantial revenue growth reflects the company's expanding operations and increasing demand for solar energy solutions.

Strong EBITDA Performance

Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) saw a significant boost, rising to ₹4.60 billion from ₹2.70 billion in the previous year. The EBITDA margin also improved, reaching an impressive 90.20%, up from 72.97% in the same quarter last year. This enhancement in EBITDA margin indicates the company's ability to manage costs effectively while scaling its operations.

Financial Results at a Glance

Transparency and Compliance

In line with regulatory requirements, ACME Solar Holdings Limited has published its financial results in prominent newspapers, including the Financial Express (all editions-English) and Jansatta (Hindi). The company has also made these results available on its website, demonstrating its commitment to transparency and adherence to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The stellar performance in Q1 positions ACME Solar Holdings as a strong contender in the renewable energy sector, reflecting the growing importance of solar power in India's energy landscape. As the company continues to capitalize on the increasing demand for clean energy solutions, investors and industry observers will be keenly watching its future developments and growth trajectory.

ACME Solar Holdings Limited , one of India's leading renewable energy companies, has reported robust financial results for the first quarter of fiscal year 2026, showcasing significant growth across key metrics.

Financial Highlights

The company's consolidated financial performance for Q1 FY26 demonstrates substantial year-over-year improvements:

• Total revenue increased by 71.80% to INR 584.00 crore
• EBITDA grew by 75.70% to INR 531.00 crore
• EBITDA margin improved to 90.90% from 88.80% in Q1 FY25
• Profit After Tax (PAT) surged to INR 131.00 crore, up from INR 1.00 crore in Q1 FY25
• Cash PAT rose by 346.50% to INR 254.00 crore

Operational Achievements

ACME Solar's operational performance was equally impressive:

• Commissioned 350 MW of new projects, including its first 50 MW wind project in Gujarat
• Total operational capacity reached 2,890 MW, a 115.70% increase year-over-year
• Generated 1,636 million units (MUs) of electricity, up 107.10% from Q1 FY25
• Achieved a capacity utilization factor (CUF) of 28.50%, improving from 27.00% in Q1 FY25
• Rajasthan-based assets (2,250 MW) delivered an average CUF of 30.30%

Strategic Developments

The company made significant strides in expanding its portfolio and improving its financial position:

• Secured maiden standalone Battery Energy Storage System (BESS) projects totaling 550 MWh
• Signed Power Purchase Agreements (PPAs) for 550 MW of new capacity
• Ordered 3.1+ GWh of BESS from leading global energy system suppliers
• Refinanced INR 1,072.00 crore of debt, reducing interest costs by approximately 95 basis points
• Received CRISIL AA-/Stable ratings for four recently commissioned 300 MW SECI ISTS solar projects

Future Outlook

ACME Solar's under-construction portfolio stands at 4,080 MW plus 550 MWh of standalone BESS, positioning the company for continued growth. The adoption of tariffs for the majority of its under-construction portfolio and signing of key PPAs reflect strong demand for renewable energy solutions.

Manoj Kumar Upadhyay, Chairperson & MD of ACME Solar Holdings Ltd, commented on the results: "We are proud to report another strong quarter, marked by robust financial performance and meaningful operational progress. The commissioning of 350 MW, including our first wind project, underscores our commitment to diversifying our clean energy portfolio. Securing our maiden standalone battery storage projects is a landmark moment - positioning us at the forefront of the energy transition as we scale solutions that enhance grid reliability and flexibility."

With its diversified renewable energy portfolio and strong financial performance, ACME Solar Holdings Limited continues to solidify its position as a key player in India's transition to clean energy.