ACME Solar Holdings shares trade 2% higher; here is why

At its meeting, the company's board also approved the reappointment of Shashi Shekhar as vice-chairman and whole-time director on the recommendation of its nomination and remuneration committee for a period of one year from the completion of his present term, i.e., with effect from April 9, 2026.

The board cleared the proposal of "raising of funds for an aggregate amount not exceeding ₹3,000 crore in one or more tranches, through issuance of equity shares or any other equity-linked instruments or securities, through permissible modes, including but not limited to, qualified institutional placement (QIP), further public offer (FPO), private placement and/or combination thereof, as may be considered appropriate under applicable laws, subject to such regulatory/statutory approvals".

Both proposals are subject to approval of the members of the company at the ensuing annual general meeting (AGM) on September 29, 2025.

ACME Solar Holdings is a pure-play, fully integrated renewable energy company in India, with a diversified portfolio spanning solar, wind, storage, hybrid, and Firm and Dispatchable Renewable Energy (FDRE) projects.

ACME Solar Q1 FY26 Results

ACME Solar Holdings posted a multifold jump in its consolidated profit to ₹131 crore in the June quarter (Q1 FY26), 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 year, up 72% from ₹340 crore logged 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 in Sikar (solar) contracted with SECI and 50 MW in 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.

The 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.