ACME Solar Q2 FY27: revenue up 67.5% to INR 1,007 Cr, PAT up 133.5%; 2030 RE target raised to 15 GW
Q2 FY27 total revenue up 67.5% to INR 1,007 Cr, EBITDA up 63.6% to INR 874 Cr, PAT up 133.5% to INR 269 Cr.
By ScoutQuest · · 1 min read
- Q2 FY27 total revenue
- up 67.5% to INR 1,007 Cr
- Q2 FY27 EBITDA
- up 63.6% to INR 874 Cr
- Q2 FY27 PAT
- up 133.5% to INR 269 Cr
- Period
- Q2 FY27
- Positioning
- ACME Solar describes itself as holding the 2nd largest installed BESS capacity in India, with ~5.24 GWh commissioned and an 8.4 GW contracted portfolio, 87% under signed PPAs.
📈 Q2 FY27 total revenue rose 67.5% to INR 1,007 Cr and EBITDA 63.6% to INR 874 Cr at an 86.7% blended margin; PAT rose 133.5% to INR 269 Cr. For H1 FY27 revenue was INR 1,961 Cr (up 65.4%) and PAT INR 504 Cr (up 105.0%). Generation rose 21.6% to 3,860 million units.
📉 The company says it commissioned ~2.1 GWh BESS in the quarter to date, taking cumulative capacity to ~5.24 GWh, which it calls the 2nd largest in India, enabling partial commissioning of ~1.9 GW. It signed 430 MW of FDRE PPAs, taking signed capacity to 4,310 MW of 5,380 MW under-construction contracted capacity.
🏭 Management states Strategy 2.0 raises FY27 cumulative BESS commissioning from 10 GWh to 12+ GWh, the 2030 RE target from 10 GW to 15 GW (50 GWh), and sets a new 2032 target of 20 GW and 70 GWh. The presentation notes these are subject to external factors such as execution and evacuation delays.
📉 As backing, the company cites INR 1,600+ Cr and INR 1,500+ Cr of short-term BESS revenue locked in for FY27 and FY28, ~19 GWh of BESS contracted with suppliers, and a CRISIL upgrade to AA-/Positive. Net debt rose to INR 15,945 Cr while Net Debt/TTM EBITDA fell to 3.6x; management targets under ~5.5x on an operational basis.
Also from ACME Solar Holdings
Board approves Grant Thornton Bharat LLP as internal auditor for 18 months
28 Oct 2026
Monitoring Agency Report: QIP proceeds used as per objects, deviation Nil for September 2026 quarter
28 Oct 2026
Q2 FY27 press release: revenue up 67.5%, PAT up 133.5%, CRISIL AA-/Positive
28 Oct 2026
More numbers
- Total revenue, Q2 FY271,007 (INR Cr)
- EBITDA, Q2 FY27874 (INR Cr)
- PAT, Q2 FY27INR 269 Cr
- PAT growth YoY, Q2 FY27133.5%
- Blended EBITDA margin, Q2 FY2786.7%
- Total revenue, H1 FY271,961 (INR Cr)
- PAT, H1 FY27INR 504 Cr
- Net debt, Q2 FY2715,945 (INR Cr)
- FY27 BESS revenue lock-inINR 1,600+ Cr
- FY28 BESS revenue lock-inINR 1,500+ Cr
- Standalone EPC revenue, Q2 FY273,313 (INR Cr)
- Generation growth, H1 FY2721.6%
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