New Delhi: The ACME Solar on Thursday announced its financial results for the Q4 and Financial Year 2026. The solar company claimed total revenue of INR 2,507 Cr (up ▲ 59% YoY), EBITDA of INR 2,265 Cr (up ▲ 61% YoY) and PAT of INR 498 Cr (up ▲ 99% YoY) for FY26.
Consolidated Financial Highlights:
- Total Revenue increased by 30.7% for the quarter (y-o-y basis), driven by capacity addition and higher CUF
- EBITDA margin of 90.2% in Q4 FY26 on account of favorable operating leverage and optimized operational efficiency
- PAT stood at INR 138 Cr with PAT margin of 19.6%
Business Highlights
- Capacity Commissioned:
- Marked a key milestone by commissioning one of India’s largest BESS capacity in FY26
- ~2.3 GWh BESS commissioned till date, delivering net realization of INR ~2.2 Cr/day as of date
- Fully commissioned 100 MW Acme Eco Clean wind project taking the total operational capacity to 2,990 MW
- PPA Signed:
- Cumulative FY26 PPA signed capacity stood at 3,280 MW and 550 MWh standalone BESS, out of the total under construction portfolio of 5,081 MW
- Orderbook addition:
- In Q4, new project win of 301 MW FDRE with SECI, taking total under construction capacity to 5,081 MW
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Total portfolio of 8,071 MW incl. ~17 GWh of BESS installation, with 6,270 MW PPA signed
- Financing, Refinancing and Rating Updates:
- Debt tied up of over ~INR 15,000 Cr for ~1.5 GW of under construction projects during the year
- Secured refinancing of ~INR 3,300 Cr for ~850 MW operational projects resulting in reduction of rate of interest by ~150 bps and includes top up of ~INR 650 Cr, for the year
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As of date, 2.2 GW of operational projects assigned credit rating of AA-/Stable
- Connectivity and Land Update:
- Connectivity available, secured and/or applied across all under-construction projects, including projects where PPAs are yet to be signed
- Over 15,000+ acres of land acquired for under construction portfolio
Operational Highlights
- 6,464 million units (MUs) generated in FY26 up 61.1% from FY25 driven by higher CUF and new capacity addition
- 1,720 million units (MUs) generated in Q4 FY26 up 13.7% from Q4 FY25
- Capacity utilization factor at 26.9% in Q4 FY25 and 25.9% in FY26
- Plant availability and grid availability at 99.5% and 99.2% respectively for FY26
