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, marked by significant revenue growth and strategic expansion into battery storage projects.

Financial Highlights

The company's Q2 FY26 performance showcased impressive year-on-year growth:

ACME Solar's net profit stood at 115.00 crore, with a PAT margin of 19.00%.

Operational Performance

The company reported strong operational metrics for Q2:

• Electricity Generation: 153.90 crore units (up 134.00% YoY)
• Capacity Utilization Factor (CUF): Improved to 24.10% from 22.20% last year
• Plant and Grid Availability: Above 99.00%

Capacity Expansion and Project Wins

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

• Commissioned 378 MW capacity, with the remaining 72 MW expected to be completed by early January
• Won new projects totaling 720 MW, including:
  • 50 MW firm and dispatchable renewable energy (FDRE) project with Tata Power
  • 670 MW solar plus battery energy storage system (BESS)
• Total portfolio now stands at 7,390 MW, including 13.50 GWh of battery storage capacity

Battery Storage Initiatives

The company is making substantial investments in battery energy storage systems:

• Placed orders for 5.10 GWh of BESS capacity
• Plans to operate 1 GWh of battery storage on a merchant basis from Q4 FY26
• Expected to generate annual EBITDA of 170.00 crore from merchant battery operations

Financial Management

ACME Solar has strengthened its financial position:

• Secured financing of 7,000.00 crore for 680 MW projects
• Achieved credit rating upgrades to AA- from both CRISIL and ICRA
• Net operational debt to EBITDA ratio stands at 4.30x
• Days sales outstanding reduced to 27 days

Future Outlook

With its expanded portfolio and strategic focus on battery storage, ACME Solar is well-positioned to capitalize on India's growing renewable energy market. The company's investments in BESS technology and its ability to secure competitive tariffs for new projects indicate a strong growth trajectory in the coming years.

As India continues to push for increased renewable energy adoption, ACME Solar's diversified portfolio and focus on innovative solutions like firm and dispatchable renewable energy projects are likely to drive its future growth and market position.

ACME Solar Holdings Limited , a prominent player in the Indian solar energy sector, has taken a significant step towards enhancing employee ownership and engagement. The company recently announced the allotment of 8,84,023 equity shares under its Employee Stock Option Plan (ESOP) 2024, demonstrating its commitment to aligning employee interests with corporate growth.

Key Details of the Share Allotment

Impact on Share Capital

The allotment has resulted in an increase in ACME Solar's paid-up equity share capital:

Implications and Benefits

This move by ACME Solar Holdings Limited carries several implications:

1. Employee Engagement: By offering equity ownership, the company aims to boost employee motivation and align their interests with the company's long-term success.

2. Talent Retention: ESOPs can serve as a tool for attracting and retaining talent in the renewable energy sector.

3. Corporate Governance: The allotment was approved by the Operational Committee of the Board of Directors, showcasing the company's commitment to structured decision-making processes.

4. Market Position: As a listed entity on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), this move may impact ACME Solar's market perception.

Future Outlook

The newly allotted shares will rank equally with existing equity shares in all respects, ensuring parity among shareholders. As the Indian solar energy market continues to expand, ACME Solar's focus on employee ownership could potentially influence the company's performance in the sector.

Investors and market watchers may observe how this employee stock ownership program affects ACME Solar's operations in the coming quarters.