ACME Solar Holdings Ltd (ACMESOLAR) Q2FY26 Concall Summary - Sep-2025 Qtr
Performance Overview
- Acme Solar Holdings Ltd demonstrated strong execution, commissioning 378 MW of a planned 450 MW for FY26, bringing its total operational portfolio to 2,918 MW.
- The company reported a significant 104% year-on-year revenue growth and a 180% increase in EBITDA, reflecting robust operational performance and capacity additions.
- Strategic wins in the quarter expanded the under-construction portfolio to 4.5 GW, including distinctive projects like a 220 MW solar park with peak power supply and a 450 MW standalone BESS project, highlighting a focus on higher-margin, complex renewable energy solutions.
- The company achieved a major credit rating upgrade to 'AA' from CRISIL, which facilitated significant debt refinancing at lower interest rates, reducing the cost of capital by approximately 75 basis points on INR 2,880 crores of debt.
- Management highlighted a strong balance sheet with net operational debt to EBITDA at 4.3x and a record low Days of Sales Outstanding (DSO) of 27 days, driven by an increased proportion of central government off-takers.
Financial Metrics
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Operating Performance / Business Segments
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Key Discussions & Insights
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Outlook and Guidance
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Challenges / Concerns
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Industry / Competitive Landscape
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Overall Summary
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