Acme Solar Holdings Limited (BSE: 544283 | NSE: ACMESOLAR)

Announcement Date: 29 July 2026

Acme Solar submitted a voluntary press‑release to both BSE and NSE, providing its Q1 FY 27 results. The filing is not an intimation under SEBI Regulation 30.

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Key Financial Metrics (Q1 FY 27 vs. Q1 FY 26)

Metric (INR Cr)	Q1 FY27	Q1 FY26	YoY Change
Total Revenue	954	584	+63.3 %
EBITDA	831	531	+56.5 %
EBITDA Margin	87.1 %	90.9 %	–
PAT	235	131	+79.9 %
PAT Margin	24.7 %	22.4 %	–
Cash PAT¹	390	254	+53.4 %

¹ Cash PAT = PAT + Depreciation ± Exceptional items

• Revenue surged 63 % YoY, driven by higher irradiation, plant performance, and added renewable‑energy (RE) & battery‑energy‑storage‑system (BESS) capacity.
• EBITDA margin remained robust at 87 % despite inclusion of power‑purchase costs for BESS operations.
• PAT rose 80 % YoY, delivering a 24.7 % margin.

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Business & Operational Highlights

Capacity & BESS

• Commissioned BESS: ~2.3 GWh in the quarter, taking cumulative commissioned BESS capacity to ~3.62 GWh.
• BESS Orders: Capacity ordered for the entire “UC” PPA portfolio (suppliers include CATL, Hithium).
• Guidance: Revised upward to commission 10 + GWh BESS by FY 27.

Power Purchase Agreements (PPAs)

• New PPAs Signed: 600 MW in Q1 FY 27 (300 MW FDRE at INR 6.28/unit; 300 MW Hybrid at INR 3.25/unit).
• Total Under‑Construction PPA Portfolio: 3,880 MW.

Revenue from BESS Contracts

• Short‑term contracts secured INR 1,400 Cr+ revenue lock‑in for partial FY 27 BESS capacity sale.

Generation & Utilisation

• Units Sold: 2,020 million units, +23.4 % YoY.
• Capacity Utilisation Factor (CUF): 30.9 %, the highest ever (up from 28.5 % YoY).
• Plant & Grid Availability: 99.2 % and 98.8 % respectively.

Financing & Ratings

• Debt Tied Up: > INR 6,000 Cr for 700 MW of under‑construction FDRE projects (REC & PFC).
• Weighted Avg. Cost of Debt (Operational): 8.4 %.
• Ratings:
  • 300 MW Acme Heergarh – ICRA AA‑
  • 150 MW wind projects (Pokhran, Eco Clean) – CRISIL A+
  • 150 MW Acme Platinum Urja FDRE (under construction) – ICRA A‑

Land & Connectivity

• Land Acquired: Over 18,000 acres for under‑construction portfolio.
• Connectivity: Secured or applied across all under‑construction projects, including those pending PPAs.

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Forward‑Looking Statements & Risk Factors

The release contains forward‑looking statements concerning BESS commissioning targets, revenue expectations from short‑term contracts, and cost of debt. These statements are subject to risks including:

• Fluctuations in earnings and pricing environment
• Input‑cost volatility and supply‑chain constraints
• Changes in regulatory, taxation, or political conditions (domestic & global)
• Climatic events, natural calamities, and litigation

Actual results may differ materially from the projections.

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Regulatory / Compliance Note

• The submission is voluntary and not an intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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Contact:
Company Secretary & Compliance Officer – Rajesh Sodhi (Digitally signed, 29 July 2026, 20:34:20 +05:30)

For further information, investors may refer to the full press release attached to the filing.