Acme Solar Reports Total Revenue of INR 2,507 Cr, EBITDA of INR 2,265 Cr and PAT of INR 498 Cr for FY26
Key Highlights for Q4 till date:
* Commissioned one of the India’s largest BESS capacity of 2.3 GWh till date, delivering net realization of ~INR 2.2 Cr/day as of date
* Fully commissioned 100 MW wind project, largest wind project of Acme Solar
* New project win of 301 MW FDRE with SECI during the quarter, taking the cumulative FY26 project additions to 1,401 MW
* Cumulative FY26 PPA signed capacity stood at 3,280 MW out of the total under construction portfolio of 5,081 MW
* Weighted average cost of debt for Operational projects stands at 8.4%
* Cash ROE at 20.1% for FY26
Financial Highlights
Key Consolidated Financial Highlights are as follows: -
Consolidated Financial Highlights:
* Total Revenue increased by 30.7% for the quarter (y-o-y basis), driven by capacity addition and higher CUF
* EBITDA margin of 90.2% in Q4 FY26 on account of favorable operating leverage and optimized operational efficiency
* PAT stood at INR 138 Cr with PAT margin of 19.6%
Business Highlights
* Capacity Commissioned:
* Marked a key milestone by commissioning one of India’s largest BESS capacity in FY26
* ~2.3 GWh BESS commissioned till date, delivering net realization of INR ~2.2 Cr/day as of date
* Fully commissioned 100 MW Acme Eco Clean wind project taking the total operational capacity to 2,990 MW
* PPA Signed:
* Cumulative FY26 PPA signed capacity stood at 3,280 MW and 550 MWh standalone BESS, out of the total under construction portfolio of 5,081 MW
* Connectivity and Land Update:
Orderbook addition:
In Q4, new project win of 301 MW FDRE with SECI, taking total under construction capacity to 5,081 MW
Total portfolio of 8,071 MW incl. ~17 GWh of BESS installation, with 6,270 MW PPA signed
Financing, Refinancing and Rating Updates:
Debt tied up of over ~INR 15,000 Cr for ~1.5 GW of under construction projects during the year
Secured refinancing of ~INR 3,300 Cr for ~850 MW operational projects resulting in reduction of rate of interest by ~150 bps and includes top up of ~INR 650 Cr, for the year
As of date, 2.2 GW of operational projects assigned credit rating of AA-/Stable
* Connectivity available, secured and/or applied across all under-construction projects, including projects where PPAs are yet to be signed
* Over 15,000+ acres of land acquired for under construction portfolio
Operational Highlights
* 6,464 million units (MUs) generated in FY26 up 61.1% from FY25 driven by higher CUF and new capacity addition
* 1,720 million units (MUs) generated in Q4 FY26 up 13.7% from Q4 FY25
* Capacity utilization factor at 26.9% in Q4 FY25 and 25.9% in FY26
* Plant availability and grid availability at 99.5% and 99.2% respectively for FY26
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