ACME Solar
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ACME Solar (ACMESOLAR) investor relations material

ACME Solar Q3 25/26 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 25/26 earnings summary30 Jan, 2026

Executive summary

  • Operational portfolio reached 2,962 MW as of January 2026, with 72 MW wind commissioned in Q3 FY26 and total portfolio at 7,770 MW, including 16 GWh BESS and 5,630 MW of signed PPAs.

  • Achieved 53.9% year-over-year revenue growth in Q3 FY26, driven by capacity additions and higher CUF.

  • Board approved unaudited standalone and consolidated financial results for Q3 and nine months ended December 31, 2025.

  • Strong execution readiness with debt secured, land acquired, and major equipment ordered for upcoming projects.

  • Strategic focus on fast-tracking BESS installations and optimizing transmission infrastructure.

Financial highlights

  • Q3 FY26 revenue at INR 617 crore (up 53.9% YoY), EBITDA margin improved to 91.5%, and PAT at INR 114 crore with 18.4% margin.

  • Standalone Q3 revenue: Rs. 9,176.63 million; net profit: Rs. 316.81 million; consolidated Q3 revenue: Rs. 4,967.93 million; net profit: Rs. 1,137.09 million.

  • Cash ROE reached 20.6% for December 2025.

  • Generated 1,567 million units in Q3, up 49% YoY; CUF improved to 24.3% from 22.7%.

  • Gross block increased to INR 18,061 crore, up INR 3,155 crore YoY due to asset commissioning.

Outlook and guidance

  • Targeting 10 GW generation and 20 GWh BESS capacity by 2030, with 1.5 GW contracted renewable capacity and over 10 GWh BESS targeted for commissioning by FY/CY 2027.

  • Near-term visibility for 770 MW of additional PPA signings; 450 MW signed this quarter.

  • CapEx for FY 2027 capacity at INR 12,000 crore, and INR 10,000 crore for FY 2028, including BESS.

  • BESS commissioning planned to reach ~2 GWh by Q4 FY26, up from 1 GWh previously expected.

  • Financial results prepared in accordance with Ind AS 34 and SEBI regulations.

BESS early deployment strategy benefits
PPA signing acceleration drivers and outlook
Curtailment impact on revenue and mitigation
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Q4 25/2621 May, 2026
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