ACME Solar Holdings announced a 54% year-on-year increase in revenue, reaching ₹617 crore for Q3 FY26, driven by capacity addition and higher CUF. EBITDA margin stood at 91.5%. The company has commissioned 72 MW of wind capacity, bringing the total operational portfolio to 2962 MW. Looking ahead, ACME aims to commission 1.5 GW of renewable capacity in FY27.
Financial Performance Highlights
For Q3 FY26, ACME Solar Holdings reported:
- Revenue of ₹617 crore, a 54% increase year-on-year.
- EBITDA margin of 91.5% compared to 89.6% last year.
- Profit After Tax (PAT) of ₹114 crore, with a margin of 18.4%.
- Cash ROE of 20.6%.
Net operational debt to EBITDA stands at 4.2x, and net debt to net worth is at 2 times.
Operational Highlights and Capacity Expansion
Key operational achievements and plans include:
- Commissioned 72 MW of wind capacity in Q3, bringing the total operational portfolio to 2962 MW.
- EBITDA to CAPEX yield of approximately 14.5%.
- Aims to commission approximately 1.5 GW of contracted renewable capacity in FY27.
- Plans for commissioning more than 10 gigawatt hours of BESS by calendar year 2027.
- Secured PPAs for 450 MW capacity, including 200 MW of solar plus ESS with SECI and 250 MW FDRE project with NHPC.
- Won 130 MW round-the-clock project with REMC Limited.
Strategic Priorities and Future Outlook
ACME Solar is focusing on:
- Fast-tracking BESS installment of 10 GW of FDRE projects by calendar year 2027.
- Optimizing the use of available transmission infrastructure, saving transmission CAPEX.
- Maintaining a near-term PPA visibility of approximately 770 MW.
Sector Highlights
- India’s momentum in capacity addition with 30 GW of solar and 4.5 GW of wind in the nine months ending FY26.
- Withdrawal of VAT export rebates for solar products in China.
Source: BSE
