| Metric | Value (₹ Cr) | vs Q4 FY25 |
|---|---|---|
| Revenue | 510.98 | 5.0% |
| Total Income | 583.99 | 8.3% |
| Expenditure | 393.69 | 9.7% |
| PBT | 174.39 | 4.9% |
| Net Profit | 130.82 | 7.2% |
| OPM | 86.48% | 0.12pp |
| NPM | 22.40% | 0.24pp |
| EPS | 2.16 | 0.5% |
ACME Solar Reports EBITDA of INR 531 Cr and PAT of INR 131 Cr for Q1 FY26, Up 4.76% and 4,931.9% YoY Respectively
25 Jul 2025 · 25 Jul 2025, 08:51 pm
Summary
ACME Solar Holdings Ltd reported strong financial performance for Q1 FY26 with an EBITDA of INR 531 Cr, up 4.76% YoY, and a PAT of INR 131 Cr, a significant increase of 4,931.9% YoY. The company commissioned 350 MW projects, including its first wind project in Gujarat, taking the operational portfolio to 2,890 MW. ACME Solar also signed PPAs for 550 MW (FDRE 250 MW, Solar 300 MW) and 550 MWh of standalone BESS. The company refinanced INR 1,072 Cr debt, leading to a ~95 bps interest cost reduction for the project.
Key Highlights
- 1
Commissioned 350 MW projects including maiden 50 MW wind project in Gujarat
- 2
Won maiden standalone BESS' projects of 550 MWh contracted with NHPC
- 3
Signed PPAs of 550 MW (FDRE 250 MW, Solar 300 MW) and 550 MWh of standalone BESS
- 4
Generated CUF of 28.5% with 1,636 MUs
- 5
INR 1,072 Cr debt refinanced leading to ~95 bps interest cost reduction for the project
- 6
Revenue increased by 71.8% for the quarter (y-o-y basis)
- 7
Higher EBITDA margin of 90.9% in Q1 FY26 as compared to 88.8% in Q1 FY25
- 8
PAT margin stood at 22.4% in Q1 FY26
- 9
Net debt to EBITDA*® of 4.2x as of Q1 FY26
- 10
DSO (as billed) of 36 days® in Q1 FY26
- 11
4,080 MW plus 550 MWh of standalone BESS under construction
- 12
3.1+ GWh of BESS ordered from leading global energy system suppliers
- 13
Recently commissioned four SECIISTS projects of 300 MW each rated CRISIL AA-/Stable
- 14
1,636 million units (MUs) generated in Q1 FY26 up 107.1% from Q1 FY25
Management Comments
Mr. Manoj Kumar Upadhyay
Chairperson & MD, ACME Solar Holdings Ltd
We are proud to report another strong quarter, marked by robust financial performance and meaningful operational progress. The commissioning of 350 MW, including our first wind project, underscores our commitment to diversifying our clean energy portfolio. Securing our maiden standalone battery storage projects is a landmark moment - positioning us at the forefront of the energy transition as we scale solutions that enhance grid reliability and flexibility. Our continued focus on execution excellence and disciplined financial management is clearly reflected in our margin expansion, significant improvement in cash PAT, and reduced debt cost. The adoption of tariffs for majority of our under-construction portfolio and signing of key PPAs reflect the strong demand for the renewable energy solutions. We remain confident in our long- term growth trajectory and are committed to delivering sustainable value to all stakeholders.
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