ACME Solar Q1 FY27 Net Profit Rises 80% to ₹2.35 Billion

Admin Jul 29, 2026 1,600 Views

ACME Solar Holdings Limited posted an 80% year-on-year increase in Q1 FY27 consolidated net profit to ₹2.35 billion, while total revenue surged 63% to ₹9.54 billion. Growth was fueled by higher power generation and the commissioning of 2.3 GWh of battery energy storage system capacity.

GURUGRAM, India — Renewable energy producer ACME Solar Holdings Limited announced its financial and operational results for the first quarter of FY27 on July 29, 2026, reporting a consolidated net profit of ₹2.35 billion (₹235 crore). The profit after tax (PAT) represents a 79.9% increase compared to ₹1.31 billion reported in the corresponding quarter of the previous financial year.

The company recorded total revenue of ₹9.54 billion (₹954 crore) for the June-ending quarter, reflecting a 63.3% year-on-year growth. On a standalone operational basis, consolidated revenue from operations reached ₹8.58 billion (₹858 crore), while earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 56.5% to ₹8.31 billion.

Operational Milestones and Battery Storage Deployment

The financial performance was supported by an increase in total energy sales and capacity additions across key operating regions. ACME Solar sold 2,020 million units (MUs) of electricity during Q1 FY27, up 23.4% from the same period last year. The company achieved its highest-ever quarterly Capacity Utilization Factor (CUF) of 30.9%, compared to 28.5% in Q1 FY26, supported by higher solar irradiation and plant maintenance efficiency. Plant availability and grid availability for the quarter were recorded at 99.2% and 98.8%, respectively.

A key operational driver was the expansion of ACME Solar's Battery Energy Storage Systems (BESS) portfolio. The firm commissioned approximately 2.3 gigawatt-hours (GWh) of BESS capacity during the quarter, bringing its cumulative commissioned BESS capacity to 3.62 GWh. The operationalization of 3.1 GWh of BESS capacity contributed ₹2.26 billion (₹226 crore) in revenue during Q1 FY27. Management revised its upward deployment guidance to commission a cumulative BESS capacity of over 10 GWh by FY27.

Portfolio Expansion, PPAs, and Debt Financing

During the quarter, ACME Solar executed 600 megawatts (MW) of Power Purchase Agreements (PPAs) with the Solar Energy Corporation of India (SECI):

A PPA for a 300 MW Firm and Dispatchable Renewable Energy (FDRE) project with SECI at a tariff of ₹6.28 per unit.
A PPA for a 300 MW Hybrid project with SECI at a tariff of ₹3.25 per unit.

These agreements bring the company's total under-construction PPA-signed portfolio to 3,880 MW, incorporating approximately 15 GWh of planned BESS installations. Furthermore, ACME Solar secured bids for short-term contracts representing over ₹14.00 billion (₹1,400 crore) in locked-in revenue for partial power sales from its FY27 BESS capacity. Equipment suppliers CATL and Hithium have been contracted to supply BESS capacity for the entire signed PPA portfolio.

On the financing front, the company tied up debt financing exceeding ₹60.00 billion (₹6,000 crore) with Rural Electrification Corporation (REC) and Power Finance Corporation (PFC) for 700 MW of under-construction FDRE projects. The weighted average cost of debt for its operational portfolio stood at 8.4%. Over 18,000 acres of land have been acquired to support the under-construction projects, with grid connectivity secured or applied for across all assets.

Official Sources Section

The financial results and operational disclosures presented in this report are based on official corporate regulatory filings submitted by ACME Solar Holdings Limited to BSE Limited and the National Stock Exchange of India Limited on July 29, 2026. Financial statements and press releases are published via the ACME Solar Investor Relations Portal.

Quote Section

"According to officials, the highest ever revenue and EBITDA were achieved during the quarter, driven by higher irradiation, enhanced plant performance, and accelerated capacity additions across renewable energy and battery storage segments," stated the press release issued by the company.

Why It Matters

The expansion of ACME Solar's storage capacity reflects an evolving shift in India's energy landscape toward round-the-clock renewable generation. Incorporating multi-gigawatt-hour BESS solutions helps mitigate solar power intermittency, allowing grid operators to purchase dispatchable power while securing predictable long-term revenues for clean energy infrastructure investors.

Key Facts at a Glance

Net Profit Growth: Q1 FY27 net profit rose 79.9% year-on-year to ₹2.35 billion.
Total Revenue: Reached ₹9.54 billion, up 63.3% from Q1 FY26.
BESS Expansion: Commissioned 2.3 GWh of storage in Q1, reaching 3.62 GWh cumulative capacity.
Debt Funding: Secured over ₹60.00 billion in debt financing from REC and PFC.
Generation Output: Power generation volume expanded by 23.4% to 2,020 million units.

Frequently Asked Questions (FAQ)

What was ACME Solar's total revenue for Q1 FY27?

ACME Solar reported total revenue of ₹9.54 billion (₹954 crore) for the quarter ended June 30, 2026, representing a 63.3% increase compared to Q1 FY26.