Acme Solar Holdings Q1 Net Profit Jumps Manifold to ₹131 Cr

Acme Solar Holdings on Friday posted a multifold jump in its consolidated profit to ₹131 crore in the June quarter, driven by higher revenues and improved operational efficiencies.

The company had clocked a profit after tax of ₹1 crore in the April-June period of 2024-25.

Total revenue stood at ₹584 crore in the first quarter of the ongoing fiscal, up 72% from ₹340 crore in the year-ago period.

The company's chairperson and MD Manoj Kumar Upadhyay, said, ''We are proud to report another strong quarter, marked by robust financial performance and meaningful operational progress. We remain confident in our long-term growth trajectory and are committed to delivering sustainable value to all stakeholders." The company commissioned projects of 350 MW, including 300 MW Sikar (solar) contracted with SECI, 50 MW Pokhran (wind) - the company’s first wind project contracted with GUVNL.

The operational capacity stands at 2,890 MW, up 115.7% from Q1 FY25.

Total under-construction portfolio stands at 4,080 MW plus 550 MWh of standalone BESS (battery energy storage system), the company said.

The company signed PPAs for 250 MW FDRE (firm and dispatchable renewable energy), 300 MW Solar and 550 MWh standalone battery projects leading to over 55% of UC capacity that is PPA signed.

Acme Solar generated 1,636 million units (MUs) power in Q1 FY26 up 107.1 per cent from Q1 FY25 driven by higher CUF and new capacity addition.

Capacity utilisation factor (CUF) has increased from 27% in Q1 FY25 to 28.5 per cent in Q1 FY26.

ACME Solar Holdings Limited is a renewable energy company with a portfolio across solar, wind, storage, hybrid and FDRE projects.