Acme Solar Holdings Ltd. · NSE:ACMESOLAR
Acme Solar — Q1 FY2026 Earnings Presentation
26 slides from Acme Solar's earnings presentation, Jul 25, 2025
Slide 1: Regulation 30 intimation to BSE and NSE
Leading Through Innovation July 25, 2025 To To BSE Limited National Stock Exchange of India Ltd Corporate Relationship Dept., Corporate Relationship Dept., Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, G Block, Dalal Street, Mumbai 400001 Bandra-Kurla Complex, Bandra (East), Mumbai 400 05
Slide 2: Earnings Presentation – Q1 FY2026
ACME Solar Holdings Limited Earnings Presentation – Q1 FY2026 July 2025
Slide 3: Disclaimer
Disclaimer By attending the presentation or by reading the presentation slides you agree to be bound as follows: This Presentation is prepared by ACME Solar Holdings Limited (“Company”) and is for information purposes only without regards to specific objectives, financial situations or needs of any
Slide 4: Agenda
Agenda Business & Operational Highlights Financial Highlights Company Overview Project Details Annexure 3
Slide 5: Key Highlights
KEY HIGHLIGHTS TOTAL REVENUE (INR Cr) EBITDA (INR Cr) PAT (INR Cr) GENERATION (MUs) 71.8% 75.7% 107.1% 531 9,318.6% 131 584 1,636 340 302 1 790 Q1 FY25 Q1 FY26 Q1 FY25 Q1 FY26 Q1 FY25 Q1 FY26 Q1 FY25 Q1 FY26 ✓ Commissioned 350 MW projects including maiden 50 MW wind project in Gujarat ✓ Won maiden s
Slide 6: Business & Operational Highlights
Business & Operational Highlights Image source: ACME ISTS Project
Slide 7: Business Highlights (1/2)
Business Highlights (1/2) Operational Capacity Capacity Commissioned ✓ 350 MW of projects commissioned in Q1 FY26: 115.7% o 300 MW Acme Sikar (solar) contracted with SECI 2,890 MW o 50 MW Acme Pokhran (wind) contracted with GUVNL 1,340 MW ✓ 100 MW Acme Eco Clean (wind) under advanced stages of const
Slide 8: Business Highlights (2/2)
Business Highlights (2/2) Financing and Credit Rating Updates ✓ INR 1,072 Cr refinancing debt tied up at an interest rate of ~8.5% p.a. fixed for 5 years for 250 MW operational project in Rajasthan leading to: Reduction of ~95 bps interest rate o ~95 bps reduction in interest cost for the project fo
Slide 9: Operational Highlights – Q1 FY26
Operational Highlights – Q1 FY26 Operational Highlights Q1 FY25 Q1 FY26 Q1 FY25 Q1 FY26 27.0% 28.5% 99.4% 99.4% Capacity Plant Availability Utilization Factor % (CUF %) 1,636 99.5% 98.7% 790 107.1% Generation Grid Availability (in Million Units) % • Power generation was up by 107.1% driven by higher
Slide 10: Capacity Roadmap
Capacity Roadmap Target to have a portfolio of 10 GW generation capacity and 15 GWh BESS capacity by 2030 Installed Capacity ~17 GWp + 38% CAGR ~15 GWh BESS Existing Portfolio BESS capacity 6,970 MW (~12 GWp + 10 GWh) By FY27/28E Under Construction projects 2,890 MW (~4 GWp) 1,840 MW Under Construct
Slide 11: Financial Highlights
Financial Highlights Image source: ACME ISTS Project
Slide 12: Consolidated Financial Highlights – Q1 FY26
Consolidated Financial Highlights – Q1 FY26 Total Revenue (INR Cr) EBITDA (INR Cr) 71.8% 75.7% 584 531 340 302 Q1 FY25 Q1 FY26 Q1 FY25 Q1 FY26 PAT (INR Cr) Cash PAT1 (INR Cr) 57 346.5% 254 1 9,318.6% 131 Q1 FY25 Q1 FY26 Q1 FY25 Q1 FY26 Remarks: ▪ Revenue increased by 71.8% for the quarter (y-o-y bas
Slide 13: Financial Highlights – Q1 FY26
Financial Highlights – Q1 FY26 Key Financials Consolidated Overview Standalone Overview (Sale of Power) INR Cr (In-house EPC Business) INR Cr Breakdown of Financials Key Consolidated Financials (Q1 FY26) Key Standalone Financials (Q1 FY26) ❖ At Consolidated level, Operational Revenue is Total reflec
Slide 14: Asset Base and Capital Structure (YoY)
Asset Base and Capital Structure (YoY) Asset Base (INR Cr) Gross Debt (INR Cr) Net Worth (INR Cr) 16,316 CWIP, 1,020 12,408 CWIP, 10,767 3,850 9,320 Cash, Gross 2,925 Block, Cash, 15,296 1,774 4,647 Gross Block, Net 8,557 Net Debt, Debt, 7,546 7,842 1,942 Q1 FY25 Q1 FY26 Q1 FY25 Q1 FY26 Q1 FY25 Q1 F
Slide 15: Other Financial Highlights (YoY)
Other Financial Highlights (YoY) Net Debt (INR Cr)1 Net Debt to EBITDA2 Operational Net Debt CWIP Net Debt Net Debt/TTM EBITDA TTM EBITDA (INR Cr) 7,546 7,842 4.2x 897 1,948 4.8x 1,634 6,944 1,159 5,598 Q1 FY25 Q1 FY26 Q1 FY25 Q1 FY26 Cash RoE4 (%) Net Debt to Net Worth3 23.0% 3.9 9.3% 1.7 Q1 FY25 Q
Slide 16: Continued Improvement in Days of Sales O/S
Continued Improvement in Days of Sales O/S DSO (as Billed) as of Q1 FY261 Operational Offtaker Split Total Portfolio Offtaker (2,890 MW) Split (6,970 MW) 181 State Central State Offtakers Offtakers Offtakers 31% Central Offtakers 14% 69% 86% 93 Operational Total Portfolio Portfolio 42 36 * Share of
Slide 17: Company Overview
Company Overview Image source: ACME ISTS Project
Slide 18: ACME Solar
ACME Solar One of the Largest Renewable Energy IPPs in India About the Company Credit Rating - ASHL Portfolio of 6,970 MW plus 550 MWh standalone BESS CRISIL A+/ Feb’25 spanning across solar, wind, storage, hybrid & FDRE projects Positive Shareholding Pattern1 Non-Institutional Investors In-House EP
Slide 19: Portfolio with Strong Offtakers located at Strategic Locations
Portfolio with Strong Offtakers located at Strategic Locations Diversified portfolio with over 85% of the portfolio contracted with central offtakers spanning Majority of operational portfolio located at high across new age technologies like FDRE and Hybrid resource potential states Weighted Average
Slide 20: Project Details
Project Details Image source: ACME ISTS Project
Slide 21: Operational Portfolio Overview (1/2)
Operational Portfolio Overview (1/2) PPA Tenor Name of Project SPV(s) State Type Capacity (in MW) Off-taker Tariff (INR/kWh) COD (years) First 12 years - 15.00 Acme Solar Technologies (Gujarat) Private Limited Gujarat Solar 15 GUVNL Mar-12 25 Next 13 years - 5.00 Madhya Phase I (10MW) - December 201
Slide 22: Operational Portfolio Overview (2/2)
Operational Portfolio Overview (2/2) PPA Tenor Name of Project SPV(s) State Type Capacity (in MW) Off-taker Tariff (INR/kWh) COD (years) Acme Jodhpur Solar Power Private . Limited Solar 100 SECI 2.44 Sep-18 25 Acme Rewa Solar Power Private Limited Solar 100 SECI 2.44 Oct-18 25 Rajasthan Phase I (100
Slide 23: Under Construction Portfolio Overview
Under Construction Portfolio Overview I. PPA signed - Under Construction Portfolio Contracted Grid Project Name Type Off-taker Tariff (INR/KWh) PPA Status Debt Tied Up Tariff Adoption Capacity (MW) Connectivity Acme Eco Clean Energy Pvt. Ltd. Wind 100 GUVNL 3.01 PPA signed ✓ Tariff adopted Secured A
Slide 24: Annexure
Annexure Image source: ACME ISTS Project
Slide 25: Key Standalone and Consolidated Financials
Key Standalone and Consolidated Financials ACME Consolidated Overview (from Sale of Power) ACME Standalone Overview (from In-house EPC Business) Particulars (INR Cr) Q1 FY26 Q4 FY25 Q1 FY25 Particulars (INR Cr) Q1 FY26 Q4 FY25 Q1 FY25 Revenue from operations 511 487 310 EPC Revenue 283 269 369 Other
Slide 26: Thank You
Thank You Reach out to us: Investor Relations Email: investor.relations@acme.in Website: www.acmesolar.in Image source: ACME ISTS Project
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