ACME Solar Holdings Limited reported robust financial results for the second quarter of FY27. Revenue surged by 67.5% year-on-year to INR 1,007 crore, primarily driven by new capacity additions. EBITDA and PAT also saw substantial increases of 63.6% and 133.5% respectively. The company highlighted significant progress in BESS commissioning and PPA signings, underscoring its strategic growth initiatives.
ACME Solar Reports Strong Q2 FY27 Performance
ACME Solar Holdings Limited has announced its financial results for the second quarter ending September 30, 2026, showcasing significant year-on-year growth. Total Revenue for the quarter reached INR 1,007 crore, marking an increase of 67.5% compared to Q2 FY26. This growth was largely fueled by the addition of new BESS and RE capacity.
Key Financial Highlights
The company’s operational performance translated into substantial improvements in profitability. EBITDA grew by 63.6% to INR 874 crore, while PAT (Profit After Tax) saw an impressive jump of 133.5%, reaching INR 269 crore. The EBITDA margin stood at a healthy 86.7% for the quarter. For the half-yearly period (H1 FY27), total revenue increased by 65.4% to INR 1,961 crore, with EBITDA up 60.1% and PAT rising by 105.0%.
Operational and Strategic Progress
ACME Solar achieved significant milestones in capacity expansion and project development during the quarter. 430 MW of FDRE PPAs were signed, bringing the total contracted PPA capacity to 4,310 MW. Furthermore, approximately 2.1 GWh of BESS capacity was commissioned during the quarter, bringing the total commissioned BESS capacity to 5.2 GWh, positioning the company as the second-largest BESS capacity holder in India. The company also achieved its initial target for half-yearly BESS commissioning at 5 GWh.
Strategic updates include ACME Solar Holdings being upgraded to CRISIL AA-/Positive from CRISIL AA-/Stable. The company has also secured debt financing of approximately INR 9,100 crore from multiple financial institutions. Looking ahead, the company has revised its FY27 cumulative BESS commissioning target to 10 GWh + 12+ GWh, and its 2030 RE target from 10 GW to 15 GW generation capacity.
Operational Performance Metrics
Operationally, ACME Solar generated 1,840 million units (MUs) in Q2 FY27, a 19.6% increase driven by capacity addition and improved irradiation. Capacity utilization factor improved to 27.8% from 24.1% in Q2 FY26. Plant availability and grid availability remained exceptionally high at 99.3% and 99.2% respectively.
Source: BSE
