ACME Solar Hold. Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book

Q1 FY27 earnings call analysis: revenue, margin, capex, fundraise and order book outlook from management commentary.

Published 25 Aug 2026 | Power | Market Cap: ₹28.4K Cr

ACME Solar expects a revenue run rate of INR 1,400 crores+ in the next 2-3 years, based on a 10-gigawatt hour BESS capacity in short-term contracts. ACME Solar expects continued revenue growth, targeting more than INR1,400 crores annually from BESS capacity in the next 2-3 years, with potential to exceed this as more capacity is contracted.

From ACME Solar Hold.'s Q1 FY27 earnings-call transcript · updated 25 Aug 2026.

Price

₹399

Market Cap

₹28.4K Cr

P/E Ratio

47.7

How does ACME Solar Hold. rank in Power?

Compare ACME Solar Hold. against every Power company this quarter on revenue, margins and earnings-call signals.

Revenue: Rank 1Margin: Rank 3

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ACME Solar Hold. — Quarterly revenue & net profit

Revenue Net Profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹548 Cr, net profit ₹138 Cr.

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📊 Revenue & Sales Performance

Rank 1

→ACME Solar expects a revenue run rate of INR 1,400 crores+ in the next 2-3 years, based on a 10-gigawatt hour BESS capacity in short-term contracts.
→There is potential to exceed INR 1,400 crores if the full 10-gigawatt hour capacity is contracted, with possibilities of reaching INR 2,000-2,500 crores in subsequent years.
→The plan includes continuous pipeline development and bid submissions targeting more BESS capacity beyond 3 years, depending on market conditions and PPAs.
→By 2030, the company plans to expand its capacity target beyond 10 gigawatts due to emerging market opportunities.
→Growth also relies on expanding into promising sectors such as data centers and C&I customers, alongside government and PPA-backed projects.
→The firm anticipates increasing battery storage volumes linked to peak power demand growth and evolving merchant market dynamics.

📈 Profitability & Margins

Rank 3

→ACME Solar expects continued revenue growth, targeting more than INR1,400 crores annually from BESS capacity in the next 2-3 years, with potential to exceed this as more capacity is contracted.
→EBITDA margins for the core renewable business (excluding BESS) are stable around 88-91%, with BESS EBITDA margins around 80-82%; overall EBITDA margins are expected to maintain this range.
→Increasing capacity additions and higher CUF (Capacity Utilization Factor) contribute to EBITDA growth; continuous plant repowering also supports margin improvement.
→Company plans to commission 1.5 GW renewable capacity in FY27, with a capital expenditure of INR15,000-20,000 crores fueling growth.
→Long-term growth beyond 2030 includes plans to increase capacity beyond 10 GW, focusing on peak power and storage solutions.
→Profit after tax grew 80% YoY in Q1 FY27, indicating strong earnings momentum.
→Expansion into new segments like data centers and C&I customers is expected to add to future profitability.

See what ACME Solar Hold. said on profitability & margins — free account, 30 seconds.

🏗️ Capital Expenditure Plans

Yes

→Capex largely done for non-module parts of projects, including 80% of transmission lines, substations, and plant infrastructure.
→Modules are being purchased opportunistically, with current prices around INR11.60 per watt, considering favorable Chinese module pricing until December.
→Plans to minimize interest during construction by balancing timing of module purchase.
→Ordered more than 15 gigawatt-hours of batteries from global suppliers CATL and Hithium, within budgeted costs (~INR93 lakhs per MW including IDC and EPC profit).
→Battery capital costs expected to stay within budget despite potential modest price increases (5-10%) due to commodity and currency fluctuations.
→Building capability and team focused on catering to data center power requirements.
→Future investments aimed at CTU-connected projects to leverage peak power and infra strengths.
→Upgrading projects to include 4-hour battery cycles to meet PPA requirements, with some states buying 6-hour power.
→Strategic focus on growth beyond 10 GW by 2030 based on market opportunities.

💰 Fundraising & Capital Structure

No information

→The transcript does not explicitly mention any current or future fundraising plans through debt or equity.
→However, it is noted that the company has already ordered more than 15 gigawatt-hours of battery capacity within budgeted cost, indicating ongoing capital expenditure funded by existing resources.
→There is mention of a 20-year depreciation policy and existing interest costs (INR 32 crores for battery-related interest), reflecting current debt servicing.
→The company plans growth beyond 10 gigawatts by 2030 and may update on this in coming quarters, which could imply future capital raising, though not explicitly stated.
→Overall, no definite debt or equity fundraising plans were disclosed in the provided pages.

See what ACME Solar Hold. said on fundraising & capital structure — free account, 30 seconds.

📋 Order Book & Pipeline

Yes

→ACME Solar Holdings currently has a total portfolio of 8,070 megawatts under execution, which includes around 20 gigawatt hours (GWh) of battery storage.
→They have signed 3,880 megawatts of FDRE and hybrid PPAs (power purchase agreements) out of the 5,080 megawatts of projects under construction.
→Approximately 1,200 megawatts of projects are under construction but PPAs are yet to be signed; these are progressing well and expected to be signed soon.
→They have already contracted nearly all of their planned 20 GWh of battery capacity (around 90% contracted), with only about 600 megawatt hours currently uncontracted but intended to be put under PPA soon.
→The company plans to commission around 1.5 gigawatts of contracted renewable energy capacity in FY27, subject to timely availability of substations and transmission lines.
→A steady pipeline exists with enabling medium- and long-term contracts, including participation in storage-related and peak power tenders.

Key Metrics

3 of 5 growth signals positive in the Q1 FY27 call.

Revenue

Rank 1

Margin

Rank 3

Capex

Yes

Fundraise

No information

Order Book

Yes

How does ACME Solar Hold. rank vs peers in Power?

Pro feature

1ACME Solar Hold.

Rev 1Mar 3

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What ACMESOLAR's management said in earlier quarters

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Frequently Asked Questions

What were ACME Solar Hold. Q1 FY27 results?

What is ACME Solar Hold. share price analysis?

ACME Solar Hold. currently shows a strong growth signal based on ranking data. The stock trades at a P/E of 47.7 with a market cap of ₹28,388 Cr. Investors should review the full earnings analysis for detailed insights.

Is ACME Solar Hold. planning capital expenditure?

Capex largely done for non-module parts of projects, including 80% of transmission lines, substations, and plant infrastructure.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.