ACME Solar Q3 FY26: Revenue surges 53.9% to ₹1,617 Cr, PAT at ₹114 Cr
ACME Solar Holdings reported a 53.9% revenue increase to ₹1,617 Cr in Q3 FY26, with PAT at ₹114 Cr. For 9M FY26, revenue grew 74.0% to ₹1,802 Cr. The company partially commissioned 72 MW, won a 130 MW project, and signed 450 MW PPAs. BESS commissioning is targeted at ~2 GWh by Q4 FY26.
The substantial revenue growth, improved financial metrics, and significant progress in project commissioning and PPA signings indicate a strong positive impact on the company's financial health and future prospects. The expansion in BESS capacity and cost optimization measures are also key positive factors.
The company reported strong year-on-year growth in revenue and EBITDA, along with an improved EBITDA margin. Operational highlights show significant capacity additions and PPA signings. The reduction in the cost of debt and an increase in Cash RoE further contribute to the positive sentiment.
ACME Solar Holdings Limited has released its investor presentation for the third quarter and nine months ended December 31, 2025. The company reported a significant 53.9% year-on-year increase in total revenue for Q3 FY26, reaching ₹1,617 crore. EBITDA for the quarter grew by 57.2% to ₹234 crore, with an improved EBITDA margin of 91.5% compared to 89.6% in Q3 FY25. Profit After Tax (PAT) stood at ₹114 crore, a marginal increase from ₹112 crore in the same period last year, with PAT margin at 18.4%.
For the nine-month period ended December 31, 2025, consolidated revenue saw a substantial rise of 74.0% to ₹1,802 crore. EBITDA for 9M FY26 increased by 77.6% to ₹360 crore, and PAT grew to ₹360 crore from ₹129 crore in 9M FY25. The company's operational highlights include the partial commissioning of a 72 MW wind project, taking the year-to-date commissioned capacity to 422 MW. ACME Solar also won a 130 MW round-the-clock project and signed PPAs for 450 MW, bringing the cumulative YTD PPA signed capacity to 1,050 MW. The company plans to increase its Battery Energy Storage System (BESS) commissioning to approximately 2 GWh by Q4 FY26. The weighted average cost of debt for operational projects has decreased by over 150 basis points year-on-year to 8.45%, with recent refinancing at 8.0% p.a. for 300 MW.
The company's asset base has grown to ₹18,061 crore, with a net worth of ₹10,002 crore. Net Debt to TTM EBITDA stands at 4.2x, and Cash RoE improved to 20.6% as of December 2025. ACME Solar aims to have a portfolio of 10 GW generation capacity and 20 GWh BESS capacity by 2030, with a target of 35% CAGR. The company has also secured debt for approximately 90% of its PPA-signed projects and has a connectivity inventory of around 7.5 GW for upcoming bids.
What to do with a filing like this
Acme Solar Holdings Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Acme Solar Holdings Limited. Read the original for the full detail.