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Revenue
₹548 Cr
verified against source
Revenue YoY
31%
reported change
EBITDA
Pending
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Acme Solar delivered a strong Q4 FY26 with total revenue of INR 705 crore, up 31% YoY, driven by capacity additions and higher CUF. PAT stood at INR 138 crore with a margin of 19.6%. The company commissioned 2.23 GW of BESS capacity, now generating net realization of INR 2.2 crore per day on merchant/short-term contracts. Operational generation capacity reached 2,990 MW. Management guided for commissioning 1.5 GW of generation assets and 10 GWh of battery storage in FY27, with early battery deployment leveraging existing substations. Key risk: transmission delays from CTU could push commissioning timelines, though management mitigates by deferring module procurement.
Colored figures show movement against the previous available record.
Guidance to track
- Targeting 1.5 GW of solar/wind/FDR projects to be commissioned in FY27, subject to CTU substation readiness.
- Plan to commission 10 GWh of BESS, with ~8.5 GWh on merchant basis and 1.5 GWh under FDR format.
- Expected EBITDA margin on merchant BESS operations, assuming tariff arbitrage of INR 6/unit.
- Total under construction portfolio of 3,280 MW generation and 1.2 GW BESS to be fully operational by FY28.
Risks flagged
- CTU substation delays of up to 6 months could push project commissioning timelines, though management defers module procurement to mitigate.
- The high arbitrage between peak and off-peak power prices may narrow as more BESS capacity is added, impacting merchant returns.
- Unsigned PPAs for ~850 MW of older LOAs could face conversion delays if discoms are slow, though management expects resolution.
Key quotes
- We are targeting 1.5 G of projects in this financial year and around 10 G of battery.
- Battery will remain at 9 to 10 rupees in the peak hour time and as a country we will need around 200 to 300 gawatt hour.
- We have consciously built a portfolio with all the central counterparties on CTU.
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