The shares of this company are in focus following the announcement of its Q2 results which highlighted a 652 percent growth in profit along with the plans to Expand its BESS capacity.
The shares of this company which is in the renewable energy segment in India with a portfolio of solar, wind, hybrid, and firm and dispatchable renewable energy (“FDRE”) projects were in the news as company declared a robust 652% growth in its PAT and in multiple energy generation and storage aspects.
With the Market cap of Rs 16,470 crore, the shares of ACME Solar Holdings Ltd jumped 4.6 percent and reached a high of Rs 285.40 compared to its previous day close of Rs 272.60
The shares are trading at a PE of 32.4 whereas its median PE is at 63.7.
Q2 FY26 Result highlights.
The Total Revenue for the company stood at Rs 601 crore when compared to Rs 295 crore in Q2 FY25, growing by about 103.8 % YoY and on QoQ has increased by 3 % from Rs 583.9 crore in Q1 FY26
The PAT grew by 652% YoY when you compare the Q2 FY26 profit at Rs 115 crore with Q2 FY25 of Rs 15 crore, and on QoQ has decreased 12% from Rs 130.8 crore crore in Q1 FY26. The PAT margin is at 19.1% compared to Q2 FY25 margin of 5.2% and EBITDA margin is at 88.8% compared to Q2 FY25 margin of 86.8%.
ACME Solar has secured new renewable energy projects with a total capacity of 720 MW/2,460 MWh which includes solar power and energy storage system . The company has marked its first-ever PPA with a private discom, Tata Power Company Limited which is a significant milestone that strengthens its presence in the renewable energy market.
To support its expanding project portfolio, ACME Solar has placed additional orders for 2 GWh of battery energy storage systems (BESS) from leading global suppliers. With this, the company’s total ordered battery capacity now stands at 5.1 GWh, reflecting its strong commitment to integrating advanced energy storage solutions and enhancing the reliability of its renewable power offerings.
Commenting on the quarterly performance, Mr. Manoj Kumar Upadhyay, Chairperson & MD, ACME Solar Holdings Ltd, said, “Our quarterly performance underscores the continued strength of our renewable portfolio and our operational discipline. With higher generation and improved efficiency, we delivered resilient financial performance – achieving more than 100% growth in EBITDA on a y-o-y basis. In October 2025, we successfully installed a 10 MWh Battery Energy Storage System (BESS) on a pilot basis in Rajasthan.
Looking ahead, phased delivery of the 5.1 GWh BESS order is expected to commence in December, with staged commissioning from Q4 FY26 onwards. Further, our continued focus on timely project execution, operational excellence and disciplined capital allocation – combined with ongoing efforts to optimize financing costs – shall keep on strengthening the balance sheet.”
About the company
With a diverse portfolio of solar, wind, storage, hybrid, and Firm and Dispatchable Renewable Energy (“FDRE”) projects, ACME Solar Holdings Limited is a pure play, fully integrated renewable energy firm in India. With a 2,918 MW operational capacity and 4,472 MW under construction, including 13.5 GWh of BESS installation, the company is among India’s top 10 independent power producers of renewable energy.
By selling power to a range of off-takers, including groups supported by the federal and state governments through long-term fixed tariff PPAs, the firm creates steady, long-term cash flows. The company’s own EPC and O&M skills give it flexibility in selecting suppliers and technologies while enabling it to manage procedures, expenses, and schedules.
Written by Leon Mendonca.
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