Acme Solar Holdings Limited has informed the Exchange regarding a press release dated November 03, 2025, titled "ACME Solar reports strong performance for Q2 FY26".
ACMESOLAR · price
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Awaiting price reaction for this filing.
Acme Solar reported a strong Q2 FY26 with consolidated revenue of INR 601 Cr (up 103.8% YoY) and EBITDA of INR 534 Cr (up 108.3% YoY). PAT surged 652% YoY to INR 115 Cr, with EBITDA margin expanding to 88.8% from 86.8%, driven by operating leverage and better efficiency. Operational power generation rose 133.8% YoY to 1,539 MUs, with capacity utilization improving from 22.2% to 24.1%. The company won 720 MW/2,460 MWh of new solar+storage projects and ordered 2 GWh of additional BESS (total 5.1 GWh), while securing its first PPA with private discom Tata Power. Credit rating was upgraded to AA-/Stable by CRISIL, and interest costs were reduced by ~75 bps on INR ~2,080 Cr of debt, with management guiding for annual run-rate project EBITDA of INR 2,025-2,075 Cr at ~14.5% pre-tax ROCE.
Strong earnings beat, margin expansion, credit rating upgrade, and lower financing costs are positive for shareholders. Growing order book (7,390 MW portfolio) and BESS pipeline position the company well for future revenue, though net debt/EBITDA of 4.3x remains a watchpoint.