ACME Solar more than doubles Q2 profit as revenue nears Rs 900 crore

ACME Solar Holdings posted robust financial results for the second quarter of FY27, demonstrating accelerated growth across its key performance metrics. Net profit more than doubled to Rs 268 crore compared with the same quarter in the previous year, reflecting improved operational efficiency and market demand for solar energy solutions.

Revenue for the quarter reached approximately Rs 900 crore, marking a substantial increase and underscoring the company's expanding footprint in India's renewable energy sector. The company's earnings before interest, tax, depreciation and amortization (EBITDA) also witnessed significant growth during the quarter, though operating margins showed a marginal moderation from the prior year period.

The results come as India continues to ramp up its renewable energy capacity to meet growing electricity demand and environmental commitments. ACME Solar, one of the country's prominent solar power producers, has been capitalizing on rising investments in clean energy infrastructure and supportive government policies promoting solar installations across residential, commercial and industrial segments.