Acme Solar Holdings Limited Reports 63.3% YoY Revenue Surge

• Acme Solar Holdings Limited (BSE: 544283 | NSE: ACMESOLAR) reported a strong Q1 FY 27 versus Q1 FY 26.
• Revenue surged to ₹954 Cr, up 63.3 % YoY, driven by higher irradiation, improved plant performance and added renewable‑energy (RE) & battery‑energy‑storage‑system (BESS) capacity.
• EBITDA rose to ₹831 Cr (+56.5 % YoY) with an EBITDA margin of 87.1 %, remaining robust despite the inclusion of power‑purchase costs for BESS operations.
• PAT jumped to ₹235 Cr, an 79.9 % YoY increase, delivering a PAT margin of 24.7 % (up from 22.4 %).
• Cash PAT (PAT + Depreciation ± exceptional items) climbed to ₹390 Cr (+53.4 % YoY).

Operational highlights

• BESS commissioning: ~2.3 GWh added this quarter, taking cumulative commissioned BESS capacity to ~3.62 GWh.
• Guidance: revised upward to commission 10 + GWh of BESS by FY 27.
• New PPAs signed: 600 MW in Q1 FY 27 (300 MW FDRE at ₹6.28/unit; 300 MW hybrid at ₹3.25/unit). Total under‑construction PPA portfolio now 3,880 MW.
• Revenue from short‑term BESS contracts: secured ₹1,400 Cr+ lock‑in for partial FY 27 BESS capacity sales.
• Generation: 2,020 million units sold (+23.4 % YoY); Capacity Utilisation Factor (CUF) hit a record 30.9 % (up from 28.5 %).
• Availability: Plant availability 99.2 %, grid availability 98.8 %.
• Financing: debt tied up >₹6,000 Cr for 700 MW of under‑construction FDRE projects; weighted‑average operational cost of debt 8.4 %.
• Ratings: 300 MW Acme Heergarh – ICRA AA‑; 150 MW wind projects – CRISIL A+; 150 MW Acme Platinum Urja FDRE – ICRA A‑.
• Land & connectivity: >18,000 acres acquired for under‑construction portfolio; connectivity secured or applied across all projects.