Acme Solar Reports Stellar Q1 FY26 Results, Commissions 350 MW & Secures New BESS Orders
The announcement details exceptionally strong financial results with massive percentage increases in profitability. Coupled with significant capacity additions, strategic new project wins (especially in BESS), and positive financing updates, this news indicates substantial positive developments for the company's growth trajectory and future prospects.
The company reported significant year-on-year growth in revenue (71.8%), EBITDA (75.7%), and PAT (9,318.6%) for Q1 FY26. Key operational achievements include commissioning 350 MW of projects, winning new BESS projects, signing substantial PPAs, and placing large BESS orders, all indicating strong performance and strategic expansion.
* Acme Solar Holdings Limited announced robust financial results for Q1 FY26, with consolidated revenue increasing by 71.8% year-on-year to ₹584 crore from ₹340 crore. * EBITDA grew by 75.7% to ₹531 crore from ₹302 crore, and Profit After Tax (PAT) surged by 9,318.6% to ₹131 crore from ₹1 crore in Q1 FY25. Cash PAT also saw a significant rise of 346.5% to ₹254 crore. * The company commissioned 350 MW of projects in Q1 FY26, including a 300 MW solar project in Sikar and its maiden 50 MW wind project in Pokhran, Gujarat. * Acme Solar won its first standalone Battery Energy Storage System (BESS) projects totaling 550 MWh, contracted with NHPC. * PPAs were signed for 550 MW (including 250 MW Firm and Dispatchable Renewable Energy (FDRE) and 300 MW Solar) and an additional 550 MWh standalone BESS. * Over 3.1 GWh of BESS orders have been placed with leading global energy system suppliers. * The company's recently commissioned four SECI ISTS projects (300 MW each) received a CRISIL AA-/Stable rating. * Power generation for Q1 FY26 increased by 107.1% to 1,636 Million Units from 790 Million Units in Q1 FY25. * Debt refinancing of ₹1,072 crore for a 250 MW operational project in Rajasthan led to approximately 95 basis points reduction in interest cost. * Acme Solar aims to achieve a portfolio of 10 GW generation capacity and 15 GWh BESS capacity by 2030, targeting a Run-Rate Annual Project EBITDA of ₹2,000 – ₹2,050 crore and a pre-tax Return on Capital Employed (ROCE) of 14.5%. * The net debt to net worth stood at 1.7x, and billed receivables improved to 36 days. The share of central offtakers is expected to increase to 86% from the current 69%, which should further reduce Days Sales Outstanding (DSO).
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Acme Solar Holdings Limited filed this with the NSE as a statutory disclosure, categorised under 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.
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See the model portfoliosA plain-language summary of a public exchange filing by Acme Solar Holdings Limited. Read the original for the full detail.