ACME Solar reported strong financial results for Q2 FY26, with EBITDA of INR 534 Cr (up 108% YoY) and PAT of INR 115 Cr (up 652% YoY). Revenue increased by 103.8%, driven by capacity addition and higher CUF. The company commissioned 28 MW of wind project, contributing to a cumulative 378 MW commissioned in H1 FY26. ACME Solar’s credit rating was upgraded to AA-/Stable by CRISIL.
Financial Performance
ACME Solar announced a significant increase in profitability for the second quarter of fiscal year 2026. Key highlights include:
- EBITDA: Reached INR 534 Cr, a 108.3% increase compared to Q2 FY25.
- PAT: Stood at INR 115 Cr, demonstrating a substantial 652.1% increase year-over-year.
- Revenue: Increased to INR 601 Cr, representing a 103.8% growth compared to the same quarter last year.
The improved performance was driven by increased capacity and efficient operations, leading to an EBITDA margin of 88.8%.
Operational Highlights
Key operational achievements during the quarter include:
- Commissioned 28 MW of a 100 MW wind project in Gujarat.
- Won 720 MW/2,460 MWh of projects (Solar + ESS and FDRE) and 550 MWh standalone BESS capacity.
- Signed PPAs for 50 MW/ 220 MWh and 550 MWh.
BESS Expansion
ACME Solar is expanding its Battery Energy Storage Systems (BESS) capabilities:
- Ordered an additional 2 GWh of BESS, bringing the total BESS order to 5.1 GWh.
- A 10 MWh BESS was operationalized on a pilot basis in Rajasthan in October 2025.
- First phase of BESS delivery scheduled for Dec’25 onwards with phased commissioning commencing Q4 FY26.
Credit Rating
ACME Solar’s credit rating has been upgraded to AA-/Stable by CRISIL and assigned by ICRA, marking the highest credit rating received by the company.
Standalone Performance
At a standalone level, the company reported total revenue of INR 829 Cr, and EBITDA of INR 167 Cr, resulting in an EBITDA margin of 20.2% for H1 FY26.
Source: BSE
