ACME Solar announced a doubling of revenue, with INR 601 Cr in Q2 FY26. The company commissioned 28 MW of a wind project and won contracts for 720 MW/ 2,460 MWh of capacity. Furthermore, the company signed its first PPA with a private entity, Tata Power, for 50 MW/ 220 MWh. ACME Solar’s credit rating was upgraded to AA-/ Stable.
Financial Performance
ACME Solar reported strong financial results for Q2 FY26. Total revenue increased to INR 601 Cr, a 103.8% increase compared to Q2 FY25. EBITDA reached INR 534 Cr, up 108.3% year-over-year, while PAT stood at INR 115 Cr, a significant rise of 652.1% from the previous year. Generation increased by 133.8% to 1,539 MUs. The company’s improved EBITDA margin reached 88.8%.
Operational Highlights
The company partially commissioned 28 MW out of a 100 MW wind project in Gujarat. ACME Solar secured new capacity additions of 720 MW/ 2,460 MWh. Additionally, 550 MWh of standalone BESS was won. PPAs were signed for 50 MW/ 220 MWh and 550 MWh during the quarter.
Strategic Developments
ACME Solar achieved several strategic milestones, including signing its first PPA with a private discom, Tata Power Company Limited, for 50 MW/ 220 MWh. It ordered an additional 2 GWh of BESS, bringing the total BESS order to 5.1 GWh. The company’s credit rating was upgraded to AA-/ Stable by CRISIL and assigned by ICRA.
Portfolio and Capacity
The company has a total portfolio of 7,390 MW, including 13.5 GWh of BESS, with 5,180 MW under PPAs. Approximately 80% of PPA projects have secured debt. Total operational capacity stands at 2,918 MW, with 24.1% CUF for Q2 FY26. The company’s DSO has continued to improve.
Source: BSE
