ACME SOLAR HOLDINGS LTD

ACME Solar Holdings Limited reported strong financial results for Q1 FY27, achieving record revenue of INR 954 crores, a 63% increase year-on-year, and an EBITDA of INR 831 crores, up 56%. The company attributed this performance to higher capacity utilization factor (CUF), contributions from battery energy storage systems (BESS), and renewable capacity additions. Profit after tax rose 80% to INR 235 crores, with a PAT margin of 25%. The company also highlighted its significant BESS capacity, accounting for 40% of India's total, and secured INR 1,400 crores in short-term contracts. Management noted a strong demand for renewable energy, with India's installed capacity reaching 548 gigawatts. They also discussed recent regulatory developments that support the sector and indicated plans to increase BESS capacity to over 10 gigawatt hours by FY27. The management emphasized disciplined execution and a healthy project pipeline as key priorities.

Management highlighted strong financial performance and growth opportunities in the renewable energy sector.