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Acme Solar posts INR 235 crore profit for Q1 FY27, up 80% YoY

The developer reported a 63% year-on-year increase in revenue to INR 954 crore for the first quarter of FY27.
Uma Gupta
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Uma Gupta
A BESS project commissioned by Acme Solar in Rajasthan | Acme Solar

Acme Solar reported INR 954 crore in revenue for the first quarter of FY27, up 63% year on year, driven by higher solar irradiation, improved plant performance, and additions to its renewable energy and battery energy storage system (BESS) capacity. EBITDA increased 56% year on year to INR 831 crore, while profit after tax (PAT) rose 80% to INR 235 crore.

The company sold 2,020 million units (MU) of electricity during the quarter, a 23.4% increase over Q1 FY26. It also recorded its highest-ever quarterly capacity utilization factor (CUF) of 30.9%, compared to 28.5% in the corresponding quarter of the previous fiscal year.

During the quarter, Acme Solar signed 600 MW of firm and dispatchable renewable energy (FDRE) and hybrid power purchase agreements (PPAs) with the Solar Energy Corp. of India (SECI), taking its total under-construction PPA-signed portfolio to 3,880 MW with associated 15 GWh of battery energy storage system (BESS) installations.

The company commissioned around 2.3 GWh of BESS capacity during the quarter, increasing its total commissioned storage capacity to 3.62 GWh. The phased operationalization of about 3.1 GWh of BESS capacity contributed INR 226 crore in revenue during Q1 FY27.

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