ACME Solar Holdings , a leading player in India's renewable energy sector, has reported a stellar performance for the second quarter of fiscal year 2026, while simultaneously announcing ambitious targets for 2030. The company's financial results and strategic plans underscore its commitment to expanding its footprint in the renewable energy landscape.

Financial Highlights

ACME Solar's Q2 FY26 results showcase remarkable growth across key financial metrics:

The company's profit after tax (PAT) saw an extraordinary surge of 652.10% year-on-year, reaching ₹115.00 crore. This substantial increase was accompanied by a robust growth in total revenue, which more than doubled to ₹601.00 crore. The EBITDA also showed significant improvement, rising by 108.30% to ₹534.00 crore.

Operational Performance

ACME Solar's operational metrics also demonstrated strong growth:

• Power generation increased by 133.80% to 1,539 million units in Q2 FY26.
• Capacity utilization factor improved from 22.20% in Q2 FY25 to 24.10% in Q2 FY26.
• Plant availability and grid availability remained high at 99.50% and 99.40% respectively.

Strategic Expansion and Future Targets

ACME Solar has set ambitious targets for 2030, aiming to achieve:

• 10 GW of renewable energy capacity
• 15 GWh of Battery Energy Storage Systems (BESS)

Progress towards these goals includes:

• Partial commissioning of a 28 MW wind project in Gujarat, bringing the total commissioned capacity in H1 FY26 to 378 MW.
• Winning bids for 720 MW/2,460 MWh of solar and energy storage projects, and 550 MWh of standalone BESS.
• Signing Power Purchase Agreements (PPAs) for 5,180 MW of capacity.
• Securing orders for 5.1 GWh in BESS, with the first phase of delivery scheduled for December 2025.

Financial Strategy and Credit Rating

The company's financial strategy focuses on securing funding and optimizing costs:

• Debt tied up for approximately ₹7,050.00 crore for 680 MW of Firm and Dispatchable Renewable Energy (FDRE) projects.
• Refinancing of ₹1,100.00 crore at 8.40% p.a. for a 300 MW operational project.
• Interest rate reductions on existing loans, including a 75 bps reduction on ₹2,080.00 crore debt for 600 MW of SECI ISTS projects.

ACME Solar's credit rating has been upgraded to AA-/Stable by both CRISIL and ICRA, reflecting the company's strong financial position and growth prospects.

Management Commentary

Manoj Kumar Upadhyay, Chairperson & MD of ACME Solar Holdings Ltd, commented on the results: "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."

Upadhyay also highlighted the company's focus on BESS technology, stating, "In October 2025, we successfully installed a 10 MWh Battery Energy Storage System (BESS) on a pilot basis in Rajasthan. Looking ahead, phased delivery of the 5.1 GWh BESS order is expected to commence in December, with staged commissioning from Q4 FY26 onwards."

As ACME Solar continues to expand its renewable energy portfolio and venture into energy storage solutions, the company appears well-positioned to capitalize on the growing demand for clean energy in India. With its strong financial performance, strategic expansion plans, and focus on technological advancements, ACME Solar is poised to play a significant role in India's transition to a more sustainable energy future.

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.