Acme Solar Reports Strong Q1 FY27 Results: Total Revenue Reaches INR 954 Cr, EBITDA Jumps 56% YoY

Acme Solar Reports Strong Q1 FY27 Results: Total Revenue Reaches INR 954 Cr, EBITDA Jumps 56% YoY​

Acme Solar Holdings Limited announced its strong performance for the first quarter of FY27, reporting a significant increase in revenue, profitability, and key operational milestones. The company recorded total revenue of INR 954 Cr, an improvement of 63% year-on-year (YoY). EBITDA rose by 56% YoY to INR 831 Cr, while Profit After Tax (PAT) increased by 80% compared to the previous year's quarter.

The Q1 FY27 results highlighted several record and operational achievements for Acme Solar, including achieving its highest ever revenue and EBITDA for the quarter. The company also reached a quarterly Capacity Utilization Factor (CUF) of 30.9%.

Financial Performance Snapshot​

Consolidated financial highlights show robust growth across the board for Q1 FY27 compared to Q1 FY26.


The company noted that the increase in Total Revenue was driven by higher irradiation, plant performance, and additions in Renewable Energy (RE) and Battery Energy Storage System (BESS) capacity. The EBITDA margin of 87.1% for Q1 FY27 is marginally lower YoY, partly due to the cost of power purchased for BESS operations being included under operating expenses.

Business and Operational Highlights​

The company made several material advancements in project development, storage commissioning, and contract acquisition during the quarter.

BESS and Storage Capacity:

• Approximately 2.3 GWh of BESS capacity was commissioned during the quarter, bringing the cumulative commissioned BESS capacity to approximately 3.62 GWh.
• The operationalization of about 3.1 GWh of BESS capacity generated revenue of INR 226 Cr in Q1 FY27.
• Bids were won for short-term contracts, securing a revenue lock-in exceeding INR 1,400 Cr for the partial sale of FY27 BESS capacity.
• The company has ordered BESS capacity for its entire Under Construction (UC) PPA signed portfolio from various suppliers, including CATL and Hithium.
• Acme Solar revised upward guidance to commission a cumulative 10+ GWh BESS capacity by the end of FY27.

PPA Signings and Project Pipeline:
* During Q1 FY27, PPAs were signed for 600 MW, including:
* A 300 MW FDRE PPA with SECI at a tariff of INR 6.28/unit.
* A 300 MW Hybrid PPA with SECI at a tariff of INR 3.25/unit.
* The total under construction PPA signed portfolio currently stands at 3,880 MW.

Financing and Ratings:

• Debt tied up exceeding INR 6,000 Cr has been secured for 700 MW of under construction FDRE projects through REC and PFC.
• The weighted average cost of debt for operational projects is reported at 8.4%.
• Project ratings include the ICRA AA- rating for the 300 MW Acme Heergarh project, the Crisil A+ rating for the 150 MW Acme Pokhran and Acme Eco Clean projects, and an ICRA A- rating for the 150 MW Acme Platinum Urja FDRE.

Operational Metrics:

• Operational highlights include selling 2,020 million units (MUs) in Q1 FY27, representing a 23.4% increase from Q1 FY26, which is attributed to capacity addition and improved plant performance.
• The Capacity Utilization Factor (CUF) rose significantly, increasing from 28.5% in Q1 FY26 to 30.9% in Q1 FY27.
• Plant availability and grid availability were recorded at 99.2% and 98.8% respectively for Q1 FY27.

Acme Solar Holdings Limited operates as a fully integrated renewable energy company, possessing a diversified portfolio across solar, wind, storage, hybrid, and Firm and Dispatchable Renewable Energy (FDRE) projects. The company currently holds an operational contracted capacity of 2,990 MW and approximately 3.62 GWh of BESS capacity, with an under construction contracted capacity of 5,080 MW.

ACMESOLAR Stock Price Movement​

Acme Solar Holdings Limited rallied today, finishing the post-market session up 2.95% after settling at ₹366.65. The stock saw a traded volume of 1.88 million shares during the day's trading activity.