ACME Solar Holdings Surges 9% After Robust Q1 FY26 Earnings

Mumbai, July 28, 2025 – Shares of ACME Solar Holdings Limited (NSE: ACMESOLAR) jumped 9.14% to ₹295.18 on Monday, July 28, 2025, at 10:51 IST, following the company’s release of its Q1 FY26 financial results. The rally comes amid strong investor interest following the company’s report of a sharp increase in profitability and operational performance.

Stock Snapshot as of 10:51 AM IST

ACME Solar shares have gained 9.14% trading at ₹295.18 on July 28, 2025. ACME Solar shares have gained 16% in the last year, 25% in the year-to-date, and 18% in the previous month. The stock opened at ₹284.85 today. It touched a high of ₹297.48 and a low of ₹284.12. The company’s market cap stands at ₹17,870 crore. The 52-week high is ₹303.94, while the 52-week low is ₹167.75.

Q1 FY26 Financial Performance (Consolidated)

ACME Solar reported a net profit of ₹131 crore, up 9,318.6% year-on-year, driven by expanded capacity and lower financing costs. Revenue rose 71.8% YoY to ₹584 crore, while EBITDA increased 75.7% to ₹531 crore.

• Revenue rose to ₹584 crore in Q1 FY26, up 71.8% from ₹340 crore in Q1 FY25.
• EBITDA stood at ₹531 crore, marking a 75.7% increase from ₹302 crore last year.
• EBITDA margin improved to 90.9% from 88.8%.
• Profit After Tax (PAT) jumped sharply to ₹131 crore, compared to just ₹1 crore a year ago, a rise of 9,318.6%.
• PAT margin expanded significantly to 22.4% from 0.4%.
• Cash PAT surged to ₹254 crore, up 346.5% from ₹57 crore in the same quarter last year.

The company also reported a healthy Net Debt to EBITDA ratio of 4.2x, within the guided range of 5.5x. The Days Sales Outstanding (DSO) stood at 36 days, or 41 days including dues from the Andhra Pradesh discom.

Key Operational and Strategic Updates

As per the update issued at 08:00 IST on July 25, 2025, the company achieved several key milestones during the quarter:

• Commissioned 350 MW of new projects, including its first wind project (50 MW) in Gujarat, bringing operational capacity to 2,890 MW (up 115.7% YoY)
• Generated 1,636 MUs of electricity with a Capacity Utilisation Factor (CUF) of 28.5%, up from 27% in Q1 FY25
• Rajasthan assets (2,250 MW) delivered an average CUF of 30.3%
• Refinanced ₹1,072 crore debt, reducing interest rate by ~95 bps
• Signed new Power Purchase Agreements (PPAs) for 550 MW (including 250 MW FDRE and 300 MW solar) and 550 MWh of standalone Battery Energy Storage Systems (BESS)
• Ordered 3.1+ GWh of BESS from global suppliers like Zhejiang Narada and Trina Energy

Additionally, four 300 MW SECI projects were rated CRISIL AA-/Stable, while the Aklera 250 MW project was upgraded to ICRA A+/Stable.

Management Commentary

Mr. Manoj Kumar Upadhyay, Chairperson and Managing Director, stated: “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.”

He added that the company’s disciplined financial management and strong execution capabilities are reflected in margin improvements and reduced financing costs.

About ACME Solar Holdings

ACME Solar Holdings Limited, listed on NSE and BSE since November 13, 2024, is one of India’s top 10 renewable Independent Power Producers (IPPs). With a current operational portfolio of 2,890 MW and under-construction capacity of 4,080 MW plus 550 MWh BESS, the company is focused on long-term, fixed-tariff PPAs with government-backed entities. It operates with in-house EPC and O&M capabilities. Thereby, it allows control over execution, costs, and timelines.

REF: https://nsearchives.nseindia.com/corporate/ACME122002_25072025204435_Intimation.pdf

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