Acme Solar Reports 59.2% Revenue Growth and 98.5% PAT Increase for Fiscal Year 2026
Acme Solar Holdings Limited announced strong financial performance for the fiscal year 2026, reporting a Total Revenue of INR 2,507 Cr and a Profit After Tax (PAT) of INR 498 Cr. The company recorded an EBITDA of INR 2,265 Cr for the full year.The company also reported significant figures for the quarter, noting Total Revenue of 705 Cr and PAT of 138 Cr for Q4 FY26.
The overall financial growth showed substantial year-on-year increases across key metrics, with Total Revenue rising 59.2% from FY25, and PAT growing 98.5% compared to the previous year.
Financial Performance Highlights
Acme Solar's consolidated financial highlights demonstrate strong operational momentum.| Particulars (INR Cr) | Q4 FY26 | Q4 FY25 | % Change | FY26 | FY25 | % Change |
|---|---|---|---|---|---|---|
| Total Revenue | 705 | 539 | 30.7% | 2,507 | 1,575 | 59.2% |
| EBITDA | 636 | 488 | 30.3% | 2,265 | 1,406 | 61.2% |
| EBITDA Margin | 90.2% | 90.5% | 90.3% | 89.2% | ||
| PAT | 138 | 122 | 13.3% | 498 | 251 | 98.5% |
| PAT Margin | 19.6% | 22.6% | 19.9% | 15.9% | ||
| Cash PAT | 247 | 238 | 3.5% | 963 | 559 | 72.3% |
For the quarter alone, the EBITDA margin stood at 90.2% in Q4 FY26, attributed to favorable operating leverage and optimized operational efficiency.
Operational and Project Milestones
Acme Solar demonstrated key achievements in capacity commissioning and project additions during the year.The company commissioned one of India's largest Battery Energy Storage System (BESS) capacities to date, totaling ~2.3 GWh. This capacity delivered a net realization of approximately INR 2.2 Cr per day. Additionally, the company fully commissioned the 100 MW Acme Eco Clean wind project, raising the total operational capacity to 2,990 MW.
In terms of capacity planning, the new project win totaled 301 MW of Firm Dispatchable Renewable Energy (FDRE) with SECI during the quarter. This addition brought the cumulative FY26 project additions to 1,401 MW.
The company's cumulative PPA signed capacity reached 3,280 MW, with 550 MWh of standalone BESS, positioning it within a total under construction portfolio of 5,081 MW. The total portfolio size stands at 8,071 MW, including approximately 17 GWh of BESS installation, with 6,270 MW in PPAs signed.
Key Financial and Operational Metrics
Operational efficiency metrics showed robust growth. The generation output reached 6,464 million units (MUs) in FY26, marking a 61.1% increase from FY25, supported by higher Capacity Utilization Factor (CUF) and new capacity addition. The company maintained strong plant availability and grid availability, recording 99.5% and 99.2% respectively for FY26.In terms of financing, the company utilized its capabilities to secure refinancing of approximately INR 3,300 Cr for 850 MW of operational projects, which resulted in a reduction in the rate of interest by about 150 basis points (bps). The company also secured debt tie-ups exceeding INR 15,000 Cr for 1.5 GW of under construction projects during the year.
Acme Solar Holdings Limited remains a fully integrated renewable energy company, with a diversified portfolio covering solar, wind, storage, hybrid, and FDRE projects. The firm is one of the top 10 renewable energy Independent Power Producers in India, generating stable cashflows through long term fixed tariff PPAs with central and state government-backed entities.
ACMESOLAR Stock Price Movement
On Thursday, Acme Solar Holdings Limited shares edged higher, gaining 0.93% to close at ₹298.55. The stock saw significant investor activity, recording a total volume of 852,286 shares throughout the trading session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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