Gurgaon-based independent power producer ACME Solar Holdings has reported a revenue of ₹5.48 billion (~$58.05 million) in the fourth quarter (Q4) of the financial year (FY) 2026, a 12.5% year-over-year (YoY) jump from ₹4.87 billion (~$51.59 million).

The company attributed the quarter’s revenue rise to a higher capacity utilization factor (CUF) and capacity additions.

As of May 2026, the company’s power generation capacity stands at 2,990 MW and battery storage capacity at 2,352 MWh.

Power generation rose by 13.7% to 1,720 million units in Q4 FY 2026, and by 61.1% to 6,464 million units during the year.

The profit after tax (PAT) jumped by 13.1% YoY to ₹1.38 billion (~$14.62 million) in Q4 FY 2026, from ₹1.22 billion (~$12.93 million).

Earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at ₹6.36 billion (~$67.39 million), a 30.3% YoY increase from ₹4.88 billion (~$51.71 million).

Earnings per share (EPS) in Q4 FY 2026 stood at ₹2.27 (~$0.024), up from  ₹2.14 (~$0.023).

Last quarter, the company reported a 53.9% YoY jump in revenue to ₹6.17 billion (~$67.14 million).

FY 2026 Results

ACME reported a revenue from operations of ₹20.23 billion (~$214.39 million) in FY 2026, up 44% YoY from ₹14.05 billion (~$148.88 million).

The company’s PAT rose by 98.5% YoY to ₹4.98 billion (~$52.77 million) from ₹2.51 billion (~$26.60 million).

EBITDA jumped by 61.2% to ₹22.65 billion (~$240.00 million) from ₹14.06 billion (~$148.97 million) in the same period last year.

EPS for FY 2026 came in at ₹8.16 (~$0.086), compared to an EPS of ₹4.53 (~$0.047) last year.

Business Highlights

ACME has a portfolio of 8,071 MW of projects, including around 17 GWh of battery storage installations and 6,270 MW of signed power purchase agreements (PPAs).

The company commissioned a 2.3 GWh battery storage project, which delivers a net realization of ₹22 million (~$233,000)/day.

During the quarter, it commissioned a 100 MW wind project and won a 301 MW firm and dispatchable renewable energy (FDRE) project from Solar Energy Corporation of India. After winning the 301 MW FDRE project, ACME’s FY 2026 project additions rose to 1,401 MW.

Out of the 5,081 MW of projects under construction in FY 2026, ACME has signed PPAs for 3,280 MW.

The company has set a target of adding 10 GW of generation capacity and 20 GWh of battery storage capacity by 2030.

In December 2025, ACME Solar Holdings secured a debt tie-up of ₹47.2 billion (~$519.2 million) from Indian financial institutions to fund the construction of renewable energy projects and optimize its capital structure by reducing financing costs.