Solar & Wind Power Company Stock Jumps Nearly 10% as Company Reports 76% EBITDA Growth and 9,319% PAT Jump in Q1 FY26

ACME Solar Holdings’ share price rose 9.73 per cent to Rs 296.77 on Monday morning after the company reported a 76 per cent year-on-year rise in Q1 EBITDA to Rs 531 crore. The stock opened at Rs 284.85 against Friday’s close of Rs 270.45 and touched an intraday high of Rs 297. Trading was active, with 60.76 lakh shares worth Rs 177.45 crore changing hands by 10:10 am, reflecting increased investor interest following the results.

ACME Solar Holdings Limited (ACME) announced its Q1 FY26 consolidated Quarterly Results, reporting a robust performance with a sharp rise in earnings. EBITDA surged 76 per cent year-on-year (YoY) to Rs 531 crore, while profit after tax (PAT) jumped 9,319 per cent YoY to Rs 131 crore. Total revenue increased by 71.8 per cent YoY to Rs 584 crore, compared to Rs 340 crore in Q1 FY25, supported by capacity expansion and improved operational efficiencies.

During the quarter, ACME commissioned 350 MW of projects, including its first 50 MW wind project in Gujarat, expanding its operational portfolio to 2,890 MW, up 115.7 per cent YoY. The company secured its first standalone Battery Energy Storage System (BESS) projects totaling 550 MWh under contract with NHPC and signed Power Purchase Agreements (PPAs) for 550 MW of capacity, comprising 250 MW of Firm and Dispatchable Renewable Energy (FDRE) and 300 MW solar, along with 550 MWh of BESS. Capacity Utilisation Factor (CUF) stood at 28.5 per cent, with generation rising 107.1 per cent YoY to 1,636 million units (MUs).

ACME refinanced Rs 1,072 crore of debt, reducing interest costs by about 95 basis points. Four SECI ISTS projects of 300 MW each received a CRISIL AA-/Stable rating, and the company placed orders for over 3.1 GWh of BESS from global suppliers. On a standalone basis, revenue stood at Rs 364 crore and EBITDA at Rs 61 crore with a 16.8 per cent margin.

The operational portfolio is projected to deliver an annual project EBITDA of Rs 2,000-2,050 crore with a pre-tax Return on Capital Employed (ROCE) of 14.5 per cent. The under-construction portfolio stands at 4,080 MW plus 550 MWh of BESS, with grid connectivity secured for the full 6,970 MW. Key equipment like power conversion systems and wind turbines, have also been contracted.

In Rajasthan, operational assets with 2,250 MW contracted capacity achieved an average CUF of 30.3 per cent, with plant and grid availability at 99.4 per cent and 98.7 per cent, respectively. Chairperson and MD Manoj Kumar Upadhyay emphasised ACME’s focus on diversifying its clean energy portfolio and disciplined financial management, reflecting in margin expansion, improved cash PAT, and lower debt costs.

The company has a market cap of over Rs 15,000 crore. The shares of the company have a PE of 40.1x, an ROE of 8 per cent and an ROCE of 8 per cent. The stock has given over 61.22 per cent returns from its 52-week low of Rs 167.55 per share.

The company’s current portfolio includes 6,970 MW of capacity across solar, wind, hybrid, and storage solutions, with 2,890 MW operational and 4,080 MW under development. It also operates 550 MWh of storage capacity. With in-house Engineering, Procurement, and Construction (EPC) and Operations & Maintenance (O&M) divisions, ACME Solar is positioned to deliver cost-effective and timely execution while maintaining industry-standard Capacity Utilization Factors (CUF) and operating margins.

This move further strengthens India’s clean energy infrastructure and reflects ACME Solar’s strategic focus on energy storage as a core pillar of renewable energy deployment.

Disclaimer: The article is for informational purposes only and not investment advice.