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.

ACME Solar Holdings Limited , one of India's leading renewable energy companies, has reported a stellar performance with a significant 131-fold increase in quarterly profit.

Financial Highlights

The company's consolidated net profit skyrocketed to ₹131.00 crore, marking an impressive 13,100% increase from ₹1.00 crore in the same period last year. This substantial growth in profitability was accompanied by a 71.8% year-on-year rise in total revenue, which reached ₹584.00 crore.

ACME Solar's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) also saw a significant boost, climbing 75.7% to ₹531.00 crore, with an improved EBITDA margin of 90.9% compared to 88.8% in the previous comparable period.

Operational Performance and Future Targets

The company's strong financial results were underpinned by robust operational performance:

ACME Solar has set ambitious targets, aiming to achieve 10 GW of power generation capacity and 15 GWh of storage by 2030.

Key Developments

ACME Solar made significant strides in expanding its renewable energy portfolio:

• Commissioned 350 MW of new projects, including its first 50 MW wind project in Gujarat
• Secured maiden standalone Battery Energy Storage System (BESS) projects totaling 550 MWh
• Signed Power Purchase Agreements (PPAs) for 550 MW of new capacity
• Ordered over 3.1 GWh of BESS from leading global energy system suppliers

Importantly, the company has secured tariff approval for its entire portfolio, further solidifying its position in the market.

Financial Management

The company continued to strengthen its financial position:

• Refinanced ₹1,072.00 crore of debt, reducing interest costs by approximately 95 basis points
• Improved Days Sales Outstanding (DSO) to 36 days, down from 42 days in the previous fiscal year
• Maintained a healthy Net Debt to EBITDA ratio of 4.2x

Credit Rating Upgrade

In a testament to its improving financial profile, ACME Solar received credit rating upgrades:

• Four recently commissioned 300 MW SECI ISTS projects each received a CRISIL AA-/Stable rating
• The Acme Aklera 250 MW project was upgraded to ICRA A+/Stable

ACME Solar's impressive results and strategic initiatives demonstrate its strong position in India's rapidly growing renewable energy sector. With a diversified portfolio spanning solar, wind, storage, and hybrid projects, the company is well-positioned to capitalize on the increasing demand for clean energy solutions in the country and achieve its ambitious targets for 2030.