Earnings Release
ACME Solar Reports Strong FY26 Growth with Revenue Up 59%
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ACME Solar reported strong FY26 performance with revenue rising 59% YoY to Rs. 2,507 crore and PAT jumping 99% YoY to Rs. 498 crore.
PRICE-SENSITIVE TRIGGER
Event: Q4 and FY26 Results Announcement
Type: Earnings Release
Impact: Positive
Immediate Effect: Strong revenue growth, capacity additions, and profitability improvement may support positive investor sentiment
Key Metrics:
- FY26 Revenue: Rs. 2,507 crore (+59%)
- FY26 EBITDA: Rs. 2,265 crore (+61%)
- FY26 PAT: Rs. 498 crore (+99%)
- Q4 FY26 Revenue: Rs. 705 crore (+31%)
- Q4 FY26 EBITDA: Rs. 636 crore (+30%)
- Q4 FY26 PAT: Rs. 138 crore (+13%)
- FY26 EBITDA Margin: 90.3%
- Operational Capacity: 2,990 MW
- Under Construction Capacity: 5,081 MW
Highlight:
- ACME Solar nearly doubled FY26 PAT while significantly expanding renewable and BESS capacities.
What Happened ?
ACME Solar reported strong FY26 growth driven by higher renewable energy generation, new capacity additions, and operational efficiency.
Major updates:
- Commissioned ~2.3 GWh BESS capacity
- Fully commissioned 100 MW wind project
- Added 301 MW FDRE project from SECI
- Signed cumulative FY26 PPA capacity of 3,280 MW
- Secured refinancing and debt tie-ups for ongoing projects
key highlights
Business Highlights:
- Total operational portfolio reached 2,990 MW.
- Total portfolio expanded to 8,071 MW.
- FY26 power generation rose 61.1% YoY.
- Debt tie-up exceeded Rs. 15,000 crore during FY26.
- Refinancing reduced interest cost by ~150 bps.
- Over 15,000 acres of land acquired for projects.
- Plant and grid availability remained above 99%.
Note:
- The company continues aggressive expansion across renewable, storage, and FDRE projects.
Risk Analysis
Key Risks
- Project execution risk
- Renewable power demand fluctuations
- Financing and refinancing risks
- Regulatory and policy changes
- Interest rate sensitivity
Worst Case Scenario
- Delay in project commissioning or financing challenges could impact future cash flows and profitability.
Risk Level: Medium
Company Commentary
- Management highlighted one of India’s largest BESS commissioning milestones.
- ACME Solar expects continued growth through renewable and storage expansion.
- The company remains focused on operational efficiency and long-term PPAs.
Official Exchange Filing: ACME Solar Holdings Limited