ACME Solar announced its Q3 FY2026 results, showcasing a 53.9% increase in total revenue to INR 617 Cr. EBITDA rose by 57.2% to INR 564 Cr. The company commissioned 72 MW of wind projects, bringing the YTD total to 422 MW. Plans for BESS commissioning are now at ~2 GWh by Q4 FY26. Refinancing was achieved at 8.0% p.a. for 300 MW operational projects.
Financial Performance
ACME Solar reported strong financial results for Q3 FY26:
- Total Revenue: Increased by 53.9% to INR 617 Cr (Q3 FY25: INR 401 Cr)
- EBITDA: Up by 57.2% to INR 564 Cr (Q3 FY25: INR 359 Cr)
- PAT: Increased to INR 114 Cr (Q3 FY25: INR 112 Cr)
- Generation: Increased by 49.0% to 1,567 MUs (Q3 FY25: 1,052 MUs)
Operational Highlights
- Partially commissioned 72 MW out of 100 MW wind project, bringing YTD commissioned capacity to 422 MW.
- Won 130 MW round-the-clock project with Railway Energy Management Company Limited (REMC Limited).
- PPAs signed for 450 MW projects, taking cumulative YTD PPA signed capacity to 1,050 MW and 550 MWh BESS.
- BESS commissioning planned to be ~2 GWh by Q4 FY26.
- Weighted average cost of debt for operational projects stands at 8.45%.
- Latest refinancing at a rate of 8.0% p.a. for 300 MW operational projects.
- Latest financing at an average rate of 8.9% p.a. for 450 MW under construction projects.
Project Updates
- BESS commissioning ongoing at 3 project sites.
- Connectivity inventory of ~7.5 GW available for upcoming bids.
- 10,000+ acres of land acquired for under construction PPA signed projects.
Capacity Roadmap
ACME Solar is targeting a portfolio of 10 GW generation capacity and 20 GWh BESS capacity by 2030.
Source: BSE
