ACME Solar Holdings Ltd
ACME Solar Holdings Ltd Q3 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
ACME Solar plans to commission approximately 1.5 gigawatt of contracted renewable capacity in FY'27. - Targeting more than 10 gigawatt hour of Battery Energy Storage Systems (BESS) commissioning by calendar year 2027. - Near-term visibility includes around 770 MW of PPAs, with advanced discussions on an additional ~700 MW. - The company aims for a 10 gigawatt operational capacity target by 2030. - Generated 1,567 million units in the recent quarter with a 49% YoY increase, indicating strong volume growth. - Capacity additions aligned with connectivity readiness, ensuring timely execution and disciplined capacity build-up. - Industry-wide demand revival expected to accelerate PPA signings, supporting revenue growth. - Battery projects operational in FY'27 expected to add EBITDA, with 1 GWh battery capacity contributing around Rs. ACME Solar plans to execute ~1.5 GW of contracted renewable capacity and commission over 10 GWh of BESS by calendar year 2027, enabling revenue growth. - EBITDA margin improved to 91.5% in Q3 FY'26; cash ROE was strong at 20.6% as of December 2025. - Battery projects contribute significant profitability, with 1 GWh battery generating ~Rs.
From ACME Solar Holdings Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- ACME Solar plans to commission approximately 1.5 gigawatt of contracted renewable capacity in FY'27.
- Targeting more than 10 gigawatt hour of Battery Energy Storage Systems (BESS) commissioning by calendar year 2027.
- Near-term visibility includes around 770 MW of PPAs, with advanced discussions on an additional ~700 MW.
- The company aims for a 10 gigawatt operational capacity target by 2030.
- Generated 1,567 million units in the recent quarter with a 49% YoY increase, indicating strong volume growth.
- Capacity additions aligned with connectivity readiness, ensuring timely execution and disciplined capacity build-up.
- Industry-wide demand revival expected to accelerate PPA signings, supporting revenue growth.
- Battery projects operational in FY'27 expected to add EBITDA, with 1 GWh battery capacity contributing around Rs. 170 crore EBITDA annually.
Profitability & Margins
See what ACME Solar Holdings Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- FY'27 planned execution: ~1.5 GW of contracted renewable capacity.
- FY'27 BESS commissioning target: >10 GWh (Battery Energy Storage System).
- CAPEX for FY'27 renewable capacity: ~Rs. 12,000 crores (includes BESS cost).
- CAPEX for FY'28 renewable capacity: ~Rs. 10,000 crores (includes BESS).
- Strategy to fast track BESS installment of 10 GW in FDRE projects by calendar year 2027 to unlock early value.
- Deployment of batteries at operational sites to optimize transmission, save Rs. 20 lakhs per MW on transmission CAPEX, and avoid ROW challenges.
- Buffer of a quarter delay kept in planning for transmission projects; strategic CAPEX deferrals if delays extend.
- Majority of land acquisition and connectivity secured; over 90% debt tied up for PPAs signed under construction portfolio.
- Near-term PPA visibility of ~770 MW with advanced discussions for an additional ~700 MW.
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Fundraising & Capital Structure
See what ACME Solar Holdings Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- ACME Solar Holdings Limited has around 7.5 gigawatt of secured and applied connectivity inventory available for upcoming bids beyond existing portfolios, live in phases till FY'33.
- Near-term visibility includes approximately 770 MW of PPAs pending signing, including 130 MW REMCL PPA invitation and PSA consent secured for 640 MW with advanced regulatory approvals.
- There is an additional ~700 MW of PPAs under advanced discussion without written buyer approval yet, potentially signing in the next quarter.
- Total portfolio stands at 7,770 MW, which includes operational capacity, under-construction projects, and PPAs.
- Debt has been tied up for more than 90% of PPAs signed under the under-construction portfolio.
- The company targets 10 GW operational capacity by 2030 with continuous focus on winning new projects meeting their return criteria.
ACME Solar Holdings Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹548 Cr, net profit ₹138 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What ACME Solar Holdings Ltd's management said in earlier quarters
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Frequently Asked Questions
What were ACME Solar Holdings Ltd Q3 FY26 results?
ACME Solar plans to commission approximately 1.5 gigawatt of contracted renewable capacity in FY'27. - Targeting more than 10 gigawatt hour of Battery Energy Storage Systems (BESS) commissioning by calendar year 2027. - Near-term visibility includes around 770 MW of PPAs, with advanced discussions on an additional ~700 MW. - The company aims for a 10 gigawatt operational capacity target by 2030. - Generated 1,567 million units in the recent quarter with a 49% YoY increase, indicating strong volume growth. - Capacity additions aligned with connectivity readiness, ensuring timely execution and disciplined capacity build-up. - Industry-wide demand revival expected to accelerate PPA signings, supporting revenue growth. - Battery projects operational in FY'27 expected to add EBITDA, with 1 GWh battery capacity contributing around Rs. ACME Solar plans to execute ~1.5 GW of contracted renewable capacity and commission over 10 GWh of BESS by calendar year 2027, enabling revenue growth. - EBITDA margin improved to 91.5% in Q3 FY'26; cash ROE was strong at 20.6% as of December 2025. - Battery projects contribute significant profitability, with 1 GWh battery generating ~Rs.
What is ACME Solar Holdings Ltd share price analysis?
ACME Solar Holdings Ltd currently shows a neutral. The stock trades at a P/E of 45.4 with a market cap of ₹27,020 Cr. Investors should review the full earnings analysis for detailed insights.
Is ACME Solar Holdings Ltd planning capital expenditure?
FY'27 planned execution: ~1.5 GW of contracted renewable capacity.
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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.