Acme Solar Holdings Management Guidance Tracker

8 forward-looking guidance items tracked across 2 quarters.

Growth

Q2 FY26FY26 capacity commissioning target of 450 MWActive

Company is on track to commission 450 MW in FY26; 378 MW already commissioned, balance 72 MW expected by early January.

Q4 FY26Commission 1.5 GW generation assets in FY27Tracked

Targeting 1.5 GW of solar/wind/FDR projects to be commissioned in FY27, subject to CTU substation readiness.

Q4 FY26Commission 10 GWh battery storage in FY27Tracked

Plan to commission 10 GWh of BESS, with ~8.5 GWh on merchant basis and 1.5 GWh under FDR format.

Q4 FY26Under construction portfolio to be commissioned by FY28Tracked

Total under construction portfolio of 3,280 MW generation and 1.2 GW BESS to be fully operational by FY28.

Revenue

Q2 FY261 GWh BESS operational from Q4 FY26Tracked

Plan to operate approximately 1 GWh of battery energy storage system from Q4 FY26, expected to add ~170 crore annual EBITDA at a 5 rupee/kWh price difference.

Capex

Q2 FY26Capex of ~12,000 crore in FY26Tracked

Company targets ~12,000 crore capex in FY26, funded with 75-80% debt and 20-25% equity; orders placed for 2 GW BESS.

Margins

Q2 FY26Steady-state project-level EBITDA yield of ~14-15%Tracked

Operational portfolio of 2,918 MW expected to deliver annual steady-state project-level EBITDA of 225-275 crore and EBITDA yield of ~14-15%.

Q4 FY26BESS EBITDA margin of 75-80%Tracked

Expected EBITDA margin on merchant BESS operations, assuming tariff arbitrage of INR 6/unit.