Acme Solar Holdings Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.
ACMESOLAR · price
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ACME Solar Holdings reported its Q2 FY26 (quarter ended September 30, 2025) and H1 FY26 unaudited results, with joint statutory auditors issuing an unqualified review report. Consolidated revenue from operations for H1 FY26 rose to Rs 9,787.32 million, up about 72% from Rs 5,692.32 million in H1 FY25, driven by higher sale of electricity. Consolidated profit after tax (PAT) jumped sharply to Rs 2,458.89 million in H1 FY26 from Rs 166.88 million in H1 FY25. For Q2 FY26 alone, consolidated revenue stood at Rs 4,677.48 million and PAT at Rs 1,150.65 million (EPS of Rs 1.90). The balance sheet shows total assets of Rs 204,241.91 million with total debt of Rs 123,139.88 million against equity of Rs 47,823.65 million, indicating a debt-to-equity ratio of around 2.6x. Standalone results were modest with PAT of Rs 312.22 million in Q2, and standalone operating cash flow turned negative at Rs (1,832.21) million in H1 FY26 versus positive Rs 3,032.48 million a year ago. Exceptional items in H1 include ancillary costs of Rs 159.11 million on prepayment of borrowings (Q1) and contingent consideration received of Rs 42.49 million (Q2).
The strong year-on-year jump in revenue and earnings signals successful scaling of solar power capacity and is positive for shareholders. However, the high leverage above 2.5x equity and the swing to negative standalone operating cash flow warrant close monitoring despite the strong headline profit growth, which is partly flattered by other income (Rs 2,066.24 million in H1 FY26).