ACME Solar Holdings Limited reported strong financial results for the second quarter of FY26, supported by capacity expansion and operational efficiency improvements.
Financial Performance
The company’s consolidated revenue grew 103.8% year-on-year, while EBITDA and profit after tax (PAT) increased 108.3% and 652.1%, respectively.
The EBITDA margin improved to 88.8% in Q2 FY26 from 86.8% in Q2 FY25, while the PAT margin stood at 19.1%, reflecting strong profitability.
Standalone Results
On a standalone basis, which includes its in-house EPC business for own projects, ACME Solar reported ₹829 crore in total revenue and ₹167 crore in EBITDA for H1 FY26, translating into an EBITDA margin of 20.2%.
Capacity Expansion and Order Book
During Q2 FY26, the company partially commissioned 28 MW out of its 100 MW Acme Eco Clean (wind) project in Gujarat, taking total commissioned capacity for H1 FY26 to 378 MW.
The operational portfolio is expected to deliver an annual project EBITDA of ₹2,025–2,075 crore with a pre-tax ROCE of around 14.5%.
ACME Solar also secured 720 MW/2,460 MWh of solar and energy storage projects and 550 MWh of standalone battery energy storage capacity, expanding its total portfolio to 7,390 MW and 13.5 GWh of BESS installations.
Operational Highlights
Power generation in Q2 FY26 rose 133.8% year-on-year to 1,539 million units, supported by higher utilisation and capacity additions.
The capacity utilisation factor (CUF) improved to 24.1% from 22.2% a year ago, with plant availability at 99.5% and grid availability at 99.4%.
Summary
ACME Solar’s Q2 FY26 revenue rose 104% YoY, with PAT up 652% and EBITDA margin improving to 88.8%. The company expanded capacity to 378 MW in H1 FY26 and grew its total portfolio to 7,390 MW, supported by strong project execution and higher generation efficiency.
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