ACME Solar FY26 Results: Revenue Up 59%, Profit Up 99% As Battery Storage Strategy Pays Off Early

By Kotak News Desk
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08 May 2026 at 3:04 PM IST
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Market News
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Summary

ACME Solar nearly doubled FY26 net profit to ₹498 crore as revenue rose 59.2% and battery storage assets began generating ₹2.2 crore per day through merchant market arbitrage.

ACME Solar Holdings reported a 98.5% jump in full-year net profit to ₹498 crore for FY26, as the company scaled renewable capacity and began earning daily revenue from battery energy storage deployed at merchant rates.

Total revenue for FY26 rose 59.2% to ₹2,507 crore from ₹1,575 crore a year earlier.

ACME Solar Holdings shares were trading at ₹283, down 5% at 12:00 PM on Friday.

Key FY26 Numbers At A Glance

Net profit: ₹498 crore, up 98.5% year-on-year (YoY).
Revenue: ₹2,507 crore, up 59.2% YoY.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA): ₹2,265 crore, up 61.2% YoY.
Earnings Before Interest, Tax, Depreciation and Amortisation margin: 90.3%.
Cash profit after tax: ₹963 crore, up 72.3% YoY.
Power generation: 6,464 million units, up 61.1% YoY.

Q4FY26 Numbers

Net profit: ₹138 crore, up 13.3% YoY
Revenue: ₹705 crore, up 30.7% YoY
Earnings Before Interest, Tax, Depreciation and Amortisation: ₹636 crore, up 30.3% YoY

The Battery Storage Story

ACME commissioned around 2.3 GWh of battery energy storage across three sites in Rajasthan, among India's largest such deployments. These assets are earning roughly ₹2.2 crore per day through tariff arbitrage in merchant and peak power markets, with round-trip efficiency of 88 to 90%.

Also Read - SEBI Discontinues IRRA Trading Platform, Terms It Structurally Redundant

Capacity And Pipeline

Total operational capacity reached 2,990 MW after the full commissioning of the 100 MW Acme Eco Clean wind project in Gujarat during Q4. A 301 MW contract win from Solar Energy Corporation of India pushed the under-construction pipeline to 5,081 MW. The total portfolio stands at 8,071 MW, including 17 GWh of planned battery storage. The company targets 10 GW and 20 GWh of battery storage by 2030.

Net debt rose to ₹12,830 crore but the ratio against earnings before interest, tax, depreciation and amortisation improved as earnings grew faster.

Sources:

Businessline

Business Standard

This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their own research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.

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