ACME Solar Hold.
ACME Solar Hold. Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
ACME Solar's under-construction portfolio stands at 5.1 GW with 17 GWh BESS; total portfolio is 8.071 GW. ACME Solar aims to commission 1.5 gigawatts of generation capacity and 10 gigawatt hours of battery energy storage system (BESS) capacity by FY28, supporting future revenue growth.
From ACME Solar Hold.'s Q4 FY26 earnings-call transcript · updated 24 Aug 2026.
Revenue & Sales Performance
- ACME Solar's under-construction portfolio stands at 5.1 GW with 17 GWh BESS; total portfolio is 8.071 GW.
- Target to commission 1.5 GW of generation capacity and 10 GWh of battery storage in FY27, with a significant portion on merchant basis.
- Revenue growth driven by capacity additions and higher CUF; FY26 revenue grew 59% YoY to INR 2,507 crores.
- Expanding order book with focus on large-scale BESS and FDRE 25-year contracts.
- Participation in short- and medium-term BESS opportunities to capitalize on merchant market dynamics.
- EBITDA margins remain strong, expected around 75%-80% for merchant capacities due to tariff arbitrage.
- Transmission and grid connectivity improvements expected to aid timely project commissioning.
Profitability & Margins
See what ACME Solar Hold. said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- The company is deferring solar capex until the LTOA (Long Term Open Access) is operational to save interest during construction and improve returns by postponing module installation. (Page 17)
- Capital advances of approximately INR 323 crores have been given for procurement of materials, mainly for batteries and wind equipment, including 10-20% partial advances to suppliers backed by bank guarantees. (Page 10)
- Last quarter capex on battery was around INR 1,000-1,200 crores, with ongoing spending for installation and commissioning of battery projects. (Page 5)
- Upcoming commissioning target includes 1.5 GW of projects and around 10 GWh of battery energy storage systems (BESS) this financial year. (Page 17)
- Future capex will be higher than last year, driven by solar+storage projects, with an expected deployment of 40-50 GW solar corresponding to 25-30 GW battery-linked capacity, replacing plain vanilla solar. (Page 14)
Top-ranked in Power
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what ACME Solar Hold. said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Under construction portfolio: 5.1 gigawatts total capacity, including 3,280 MW PPA signed capacity.
- Total portfolio size: 8,071 megawatts.
- Under construction projects require installation of approximately 17 gigawatt-hour battery energy storage system (BESS).
- Committed total capex: INR 12,475 crores (INR 6,445 crores already incurred; purchase orders worth INR 6,030 crores).
- Recent tender win: 301 MW peak power FDRE projects with SECI during the quarter.
- Planned project commissioning by FY28 for under-construction capacities.
- Active participation in short- and medium-term BESS opportunities alongside long-term 25-year contracts.
- Market focus includes both central and state-level tenders aggregating to 15-20 gigawatts with potential for even higher actual solar capacity deployment due to battery-backed configurations.
ACME Solar Hold. — 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 Hold. Q4 FY26 results?
ACME Solar's under-construction portfolio stands at 5.1 GW with 17 GWh BESS; total portfolio is 8.071 GW. ACME Solar aims to commission 1.5 gigawatts of generation capacity and 10 gigawatt hours of battery energy storage system (BESS) capacity by FY28, supporting future revenue growth.
What is ACME Solar Hold. share price analysis?
ACME Solar Hold. currently shows a neutral. 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?
The company is deferring solar capex until the LTOA (Long Term Open Access) is operational to save interest during construction and improve returns by postponing module installation.
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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.