ACME Solar (ACMESOLAR) Q1 26/27 earnings summary

Executive summary

• Achieved record quarterly revenue of INR 954 crore, up 63% year-over-year, and highest-ever EBITDA of INR 831 crore, up 56% year-over-year.

• Profit after tax rose 80% year-over-year to INR 235 crore, with a PAT margin of 25%.

• Highest ever quarterly Capacity Utilization Factor (CUF) at 30.9%, and power generation increased 23% to 2,020 million units.

• Commissioned 2.3 GWh of BESS in the quarter, bringing cumulative capacity to 3.62 GWh; 600 MW of new PPAs signed, total signed capacity now 3,880 MW.

• Standalone revenue from operations for the quarter was Rs. 22,663.06 million, with consolidated revenue at Rs. 8,575.00 million, primarily from electricity sales.

Financial highlights

• Total revenue: INR 954 crore (+63% YoY); EBITDA: INR 831 crore (+56% YoY); EBITDA margin: 87%.

• PAT: INR 235 crore (+80% YoY); asset base expanded to INR 25,000 crore.

• BESS contributed INR 226 crore to revenue, with 85% from short-term contracts.

• Standalone total income was Rs. 23,582.75 million, up from Rs. 3,639.85 million YoY; consolidated total income was Rs. 9,537.73 million, up from Rs. 5,839.90 million YoY.

• Standalone EPS for the quarter was Rs. 1.92 (basic), consolidated EPS was Rs. 3.71 (basic).

Outlook and guidance

• Upgraded BESS commissioning guidance to over 10 GWh by FY 2027, advancing the milestone by nearly three quarters.

• Targeting 10 GW generation and 25 GWh BESS capacity by 2030.

• Expect to commission 1.5 GW of contracted renewable energy capacity in FY 2027, subject to transmission availability.

• Targeting at least 10–12 GWh of BESS available for short-term market annually over the next five years.

• The company raised Rs. 27,629.04 million through a QIP to repay borrowings and for general corporate purposes.