ACME Solar Q2 FY26 Earnings Results

ACME Solar Holdings Ltd, a leading renewable energy company in India, reported a dramatic surge in Q2 FY26 profitability, driven by significant capacity additions, increased power generation, and improved operating margins.

Financial Highlights

• Revenues climbed 80.0% to ₹468 crore from ₹260 crore year on year.
• Total expenses rose 62.45% to ₹450 crore from ₹277 crore.
• Consolidated net profit soared 666.67% to ₹115 crore from ₹15 crore last year.
• Earnings per share (EPS) increased by 555% to ₹1.90 from ₹0.29.

Key Operational and Strategic Factors

• Total energy generation grew 133.8% YoY with higher Capacity Utilisation Factor (CUF), reaching 24.1% vs. 22.2% a year ago.
• EBITDA more than doubled to ₹534 crore (margin: 88.8%), and PAT margin improved to 19.1% (versus 5.2% last year).
• Commissioned 28 MW wind power in Gujarat, pushing total capacity to 378 MW as of H1 FY26.
• The company installed a pilot 10 MWh battery energy storage system (BESS) and plans phased commissioning of a 5.1 GWh order, expanding its energy storage footprint.
• Achieved positive grid and plant availability (over 99%), secured new solar + energy storage contracts, and refinanced debt at lower rates.
• Received a credit rating upgrade (AA-/Stable by CRISIL/ICRA).

Outlook

Strong project execution, continual capacity expansion, and operational efficiency are expected to sustain long-term growth momentum for ACME Solar Holdings as India’s renewable energy market scales up.

This quarter’s robust performance reflects ACME Solar’s strategic focus on high-value, diversified renewable projects and asset efficiency.

Explore the company’s past earnings and latest concall transcripts, click here to visit the AlphaStreet India News Channel.