ACME Solar Holdings Ltd — earnings calls

ACME Solar reported its highest ever quarterly revenue and EBITDA for Q1 FY27, with revenue up 63% year-on-year to Rs 954 crore and EBITDA up 56% to Rs 831 crore, driven by higher CUF, BESS revenue contribution and capacity additions. The company commissioned approximately 2.3 gigawatt hour of BESS during the quarter, taking cumulative commissioned capacity to about 3.62 gigawatt hour, and signed short-term BESS contracts locking in more than Rs 1,400 crore of revenue for partial FY27 capacity. Management also addressed a fire incident at its ACME Suryodaya BESS facility, stating the root cause analysis found an electrical short circuit in AC cabling with no damage to battery systems.

ACME Solar reported Q4 FY26 revenue of Rs 705 crore and FY26 revenue of Rs 2,507 crore, up 31% and 59% year-on-year respectively, driven by capacity addition and higher CUF. The company commissioned approximately 2.3 gigawatt of BESS capacity, which is delivering a net realization of about Rs 2.2 crore per day on merchant and short-term contracts. Management also reported EBITDA margin of over 90% for the quarter and full year, PAT of Rs 138 crore for the quarter and Rs 498 crore for the year, and detailed plans for further BESS and generation capacity commissioning during FY27.