ACME Solar Reports Strong FY26 Results

11 May 2026 CW Team

ACME Solar Holdings reported consolidated total revenue of Rs 25.07 billion for the year ended March, up 59.2 per cent year on year, with EBITDA of Rs 22.65 billion, up 61.2 per cent. Profit after tax for FY26 was Rs 4.98 billion, an increase of 98.5 per cent. Cash PAT was Rs 9.63 billion, up 72.3 per cent.

Quarterly total revenue rose to Rs 7.05 billion, up 30.7 per cent from the prior year quarter. EBITDA margin stood at 90.2 per cent in Q4 while the full year margin was 90.3 per cent, reflecting operating leverage and optimisation of operational efficiency. Cash return on equity stood at 20.1 per cent for FY26.

The group commissioned one of India’s largest battery energy storage systems totalling two point three GWh, delivering net realisation of Rs 22 million per day as of date. The company fully commissioned a 100 MW wind project, taking operational capacity to 2,990 MW. Cumulative PPA signed capacity in FY26 stood at 3,280 MW while standalone BESS signings reached 550 MWh.

New project wins included a 301 MW FDRE award with SECI, taking under construction capacity to 5,081 MW and total portfolio to 8,071 MW including circa 17 GWh of BESS. The group tied up debt of over Rs 150 billion for about one point five GW of under construction projects during the year. Refinancing of Rs 33 billion for around 850 MW of operational projects reduced the effective interest rate by approximately 150 basis points and included a top up of Rs 6.5 billion.

Operationally the company generated 6,464 million units in FY26, up 61.1 per cent, with 1,720 million units produced in Q4. Capacity utilisation averaged 25.9 per cent for the year and plant availability and grid availability were 99.5 per cent and 99.2 per cent respectively. Management noted that forward looking statements may be subject to risks and uncertainties.

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