ACME Solar Holdings Limited reported robust growth for the financial year ending March 31, 2026. The company achieved a 59.2% YoY revenue growth, reaching INR 2,507 crore, while Profit After Tax (PAT) surged by 98.5% to INR 498 crore. Driven by capacity additions and operational efficiencies, the company successfully commissioned 2.3 GWh of BESS capacity and maintains a strong project pipeline as it advances toward its 2030 sustainability targets.
Record Financial Growth for FY26
ACME Solar Holdings Limited delivered significant financial progress for the fiscal year ended March 31, 2026. Total revenue saw a remarkable 59.2% increase, growing from INR 1,575 crore in FY25 to INR 2,507 crore in FY26. Profitability also witnessed substantial gains, with PAT jumping by 98.5% to reach INR 498 crore, reflecting the impact of enhanced operational leverage and improved plant performance.
Operational Milestones and BESS Expansion
The company achieved key operational milestones throughout the year, most notably the commissioning of 2.3 GWh of Battery Energy Storage System (BESS) capacity. This strategic expansion is already generating revenue through merchant and short-term peak power contracts, delivering a net realization of approximately INR 2.2 crore per day. Furthermore, the company successfully commissioned its largest wind project to date, adding 100 MW to its operational portfolio, which now stands at 2,990 MW.
Future Roadmap and Project Pipeline
ACME Solar continues to expand its project footprint with a total portfolio of 8,071 MW. During the quarter, the company secured a new 301 MW FDRE project with SECI, contributing to a total project addition of 1,401 MW during FY26. With a long-term goal of reaching 10 GW of generation capacity and 20 GWh of BESS capacity by 2030, the company is leveraging its in-house EPC capabilities and a diversified funding approach to ensure sustained growth and maintain a Cash ROE of 20.1%.
Strengthened Capital and Efficiency
Financial discipline remains a core focus, evidenced by the reduction in interest rates by ~150 bps for refinanced projects and a steady decrease in Days of Sales Outstanding (DSO) to 14 days as of FY26. The company’s focus on high-resource potential states and its strategic shift towards central offtakers—which are expected to account for 84% of the total portfolio—position ACME Solar for stable, long-term cash flows.
Source: BSE
