ACME Solar Holdings Hits 10% Upper Circuit Limit After Strong Q1 FY26 Results

ACME Solar Holdings witnessed strong upward momentum on Monday, July 28, with its stock price locking in a 10% upper circuit on the BSE. The stock opened at ₹286.65 and surged to ₹297.25, significantly higher than its previous close of ₹270.25. Around 10:45 AM, the stock was trading 9.58% higher at ₹296.15, even as the benchmark Sensex dipped 12 points to 81,451.

ACME Solar Q1 FY26 Financial Performance

The surge in ACME Solar’s share price came after the company announced a notable improvement in its financial performance for the June 2025 quarter.

• Profit After Tax (PAT): ₹131 crore, compared to ₹1 crore in Q1FY25 a staggering 9,318.6% YoY increase.
• PAT Margin: Rose to 22.4% from 0.4% YoY.
• Revenue: ₹584 crore, up 71.8% from ₹340 crore in the same quarter last year.
• EBITDA: Grew 75.7% YoY to ₹531 crore from ₹302 crore.
• EBITDA Margin: Improved to 90.9% from 88.8%, supported by increased scale and better operating leverage.

The company commissioned 350 MW of new projects during the quarter, including its first wind project, raising its total operational capacity to 2,890 MW up 115.7% from the year-ago period.

Strategic Developments and Capacity Expansion

ACME Solar’s management highlighted several milestones contributing to its recent growth:

• Commissioning of 350 MW projects, diversifying into wind energy.
• Award of initial standalone battery energy storage (BESS) projects.
• Progress in signing power purchase agreements (PPAs) and adoption of tariffs across under-construction assets.

According to Chairman and Managing Director Manoj Kumar Upadhyay, these achievements position the company as a key player in India's renewable energy transition.

Currently, the company has a total under-construction portfolio of 4,080 MW, along with 550 MWh of BESS capacity. The 100 MW Acme EcoClean wind project is reportedly in the advanced stages of construction.

ACME Solar Share Price Performance

ACME Solar Holdings shares has delivered a year-to-date (YTD) return of 24%, reflecting strong investor interest throughout the year. In July alone, the stock gained 18%, supported by upbeat quarterly earnings and strategic developments. Over the past 52 weeks, the stock has traded between a low of ₹167.55 on January 28, 2025, and a high of ₹304.15, which it touched on July 11, 2025.

Read More: ACME Solar, NHPC Sign Deals for 275 MW Battery Storage in Andhra Pradesh.

Conclusion

ACME Solar Holdings’ sharp rise on July 28 followed the release of its Q1 FY26 earnings, which highlighted strong operational and financial growth. The company’s expanding renewable energy portfolio, along with its recent moves into wind and battery storage, marked key developments during the quarter. Market participants may continue to track future updates related to project progress, policy changes, and broader sector trends as part of their ongoing assessment.

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