Acme Solar Holdings Limited has informed the Exchange about Presentation
ACMESOLAR · price
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Acme Solar reported a strong Q2 FY26 with total revenue up 103.8% YoY to ₹601 Cr and EBITDA up 108.3% to ₹534 Cr, while profit after tax surged 652% to ₹115 Cr. EBITDA margin expanded to 88.8% from 86.8%, driven by operating leverage and higher capacity utilization factor (24.1% vs 22.2%). Operational capacity nearly doubled to 2,918 MW, with total portfolio reaching 7,390 MW including 13.5 GWh of battery storage. During the quarter, the company won 720 MW of new bids, signed its first PPA with a private discom (Tata Power for 50 MW), and placed additional 2 GWh of BESS orders (total now 5.1 GWh). Credit rating was upgraded to AA-/Stable by CRISIL and ICRA, enabling ~75 bps interest rate reduction on ₹2,080 Cr of debt. Management reiterated its 2030 target of 10 GW generation and 15 GWh BESS capacity, implying a 34% CAGR, with run-rate annual project EBITDA guided at ₹2,025–2,075 Cr and pre-tax ROCE around 14.5%.
Sharp jump in profitability, margin expansion, credit rating upgrade, and a visible execution roadmap toward 10 GW by 2030 are positive signals for shareholders. Lower financing costs and a strong order pipeline support the growth story, though rising debt (Net Debt/TTM EBITDA at 4.3x) and heavy capex commitments remain key things to monitor.