ACME Solar Holdings Limited has published its Q2 FY27 earnings conference call transcript, revealing a substantial year-on-year revenue increase of 67.5% to INR1,007 crores. EBITDA grew by 63.6% to INR874 crores, driven by peak power BESS operations and renewable capacity additions. The company also updated its capacity roadmap, targeting over 12 gigawatt-hour of BESS commissioning by FY27 and 15 gigawatts of renewable capacity by 2030.
ACME Solar Holdings Q2 FY27 Earnings Conference Call Transcript Released
ACME Solar Holdings Limited has officially released the transcript of its Q2 and H1 FY27 Earnings Conference Call, held on October 29, 2026. The call provided a comprehensive overview of the company’s financial performance and strategic outlook.
Financial Highlights for Q2 FY27
Ankit Verma, Director of Corporate Finance, presented the financial performance, noting that total revenue for the quarter stood at INR1,007 crores, marking a significant 67.5% increase year-on-year. EBITDA saw a rise of 63.6% to INR874 crores, attributed to short-term peak power BESS operations and new renewable capacity additions. The blended EBITDA margin was reported at 86.7%. Profit after tax surged by 133.5% year-on-year to INR269 crores, resulting in a PAT margin of 26.7%.
The company’s asset base expanded by INR11,466 crores to INR28,462 crores, primarily due to the commissioning of BESS and RE projects.
Business and Execution Updates
Progress has been strong across commissioning, PPA signing, and short-term peak power BESS contracting. ACME Solar has commissioned approximately 5.2 gigawatt-hour of BESS capacity to date. The company reported that 1.9 gigawatts of contracted projects are now partially commissioned, with 1.1 gigawatts of modules already installed. Additionally, 430 megawatts of FDRE PPAs were signed during the quarter, with another 400 megawatt FDRE PPA signed with NTPC, bringing the total PPA signed portfolio to 92% of the 8,370 megawatt contracted portfolio.
Short-term BESS contracts have secured more than INR1,600 crores of revenue for partial sale of FY27 capacity and over INR1,500 crores for FY28. The company’s CUF improved from 24.1% to 27.8% year-on-year, and power generation grew 19.6% to 1,840 million units. Weighted average cost of debt for operational projects remains around 8.4%.
Key Sector and Regulatory Updates
Manoj Upadhyay, Chairman, highlighted several favorable government initiatives, including BESS connectivity advancements, the Green Energy Corridor Phase III approval (INR1.36 lakh crores for transmission and INR50,000 crores for BESS), and the Pradhan Mantri Surya Sarovar Yojana targeting floating solar projects. The company also noted the potential to use curtailed solar energy for BESS charging.
Upgraded Capacity Roadmap
ACME Solar has raised its targets, aiming for over 12 gigawatt-hour of BESS commissioning by FY27, an increase from the previous 10 gigawatt-hour target. By 2030, the company aims to reach 15 gigawatts of renewable capacity with 50 gigawatt-hour of battery storage. This roadmap is supported by a strong tender pipeline and secured connectivity inventory.
Strategic Pillars and Future Outlook
The company’s forward-looking strategy is based on five pillars: building a return-led, self-financing renewable platform with contracted cash flows. Key focuses include return on capital, BESS as a cash engine, execution excellence, margin improvement, and contracted revenue visibility. The company expressed confidence in achieving its targets, driven by strong market demand and supportive government policies.
Source: BSE
