ACME Solar Holdings Ltd reported a 98.5 per cent jump in full-year net profit to ₹498 crore for FY26, as the Gurugram-based renewable energy company scaled up capacity aggressively and became one of the first Indian independent power producers to commercially operate large-scale battery energy storage at merchant rates.
The company’s consolidated total revenue rose 59.2 per cent year-on-year to ₹2,507 crore for FY26, while EBITDA climbed 61.2 per cent to ₹2,265 crore. EBITDA margins held steady at 90.3 per cent, up from 89.2 per cent in FY25, reflecting operating leverage from new project commissions. Cash profit after tax came in at ₹963 crore, a 72.3 per cent increase over the prior year.
For the fourth quarter ended March 2026, revenue grew 30.7 per cent to ₹705 crore and EBITDA rose 30.3 per cent to ₹636 crore, though quarterly PAT growth was more modest at 13.3 per cent, reaching ₹138 crore.
The standout development this year was the commissioning of approximately 2.3 GWh of battery energy storage — described by the company as among India’s largest such deployments — across three project sites in Rajasthan. The storage assets are currently generating net realization of roughly ₹2.2 crore per day through tariffs arbitrage in merchant and short-term peak power markets, with round-trip efficiency of 88–90 per cent.
The company also fully commissioned its 100 MW Acme Eco Clean wind project in Gujarat during the quarter, taking total operational generation capacity to 2,990 MW. Power generation for FY26 reached 6,464 million units, up 61.1 per cent from the previous year.
On the project pipeline, ACME won a 301 MW FDRE contract with SECI in Q4, pushing its under-construction portfolio to 5,081 MW. The company’s total portfolio now stands at 8,071 MW, including 17 GWh of planned BESS, with a stated target of 10 GW generation capacity and 20 GWh BESS by 2030.
Net debt rose to ₹12,830 crore as capital expenditure intensified, though the net debt-to-EBITDA ratio improved to 3.9x from 4.4xa year ago. Days of sales outstanding fell sharply to 14 days in FY26 from 42 days in FY25, reflecting better collections. Cash return on equity improved to 20.1 per cent.
ACME shares were trading at ₹291.05 on the NSE on Friday morning, down 2.51 per cent on the day, giving the company a market capitalization of approximately ₹17,634 crore.
Published on May 8, 2026