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Earnings Call Transcript

ACME Solar Holdings Earnings Call Transcript: Key Takeaways

Acme Solar delivered record Q1 FY27 results, driven by battery energy storage (BESS) commissioning and higher CUF. Management is aggressively pivoting to hybrid and storage-linked projects to capture higher evening peak tariffs.

Highlights
Revenue growthRevenue up 63% YoY to INR 954 Cr.
MarginsRenewable margins 88-89%; BESS margins approx 82%.
Order bookTotal portfolio at 8,070 MW; BESS portfolio at 20 GWh.
Demand visibilityStrong peak power demand; evening peaks driving storage requirements.
Management confidenceExtremely bullish on early BESS deployment and merchant power spreads.

Growth

Revenue surged 63% YoY to INR 954 Cr; BESS operations contributed INR 226 Cr with 82% margins.

Outlook

Guided 1.5 GW renewable capacity addition for FY27 and BESS capacity exceeding 10 GWh.

Risks

Heavy reliance on short-term merchant BESS contracts; potential curtailment in Rajasthan if GNA timelines lag.

Last quarter's promises, checked

Delivered

  • Guided 2.3 GW BESS commissioning → delivered 2.3 GW (= BEAT)
  • Targeted 2,990 MW operational capacity → delivered 2,990 MW (= BEAT)
  • Guided EBITDA margin 88-90% → delivered 90% (= BEAT)

Partly delivered

  • Guided 10 GWh total BESS target → delivered 2.3 GWh (In Progress) (= PARTIAL)
  • Guided 1.5 GW FY27 RE addition → delivered 0 GW in Q1 (On Track) (= PARTIAL)
Source

Earnings Call Transcript filed with NSE, NSE: ACMESOLAR. Summary written with AI assistance from the document.

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ACME Solar Holdings Ltd: key numbers

Share price
₹442.90
Market cap
₹31,307 Cr
Revenue (annual)
₹2,023 Cr
Net profit (annual)
₹498.9 Cr
P/E (TTM)
51.9×Sector 25.1×
Promoter holding
71.40%-11.89% QoQ
FII holding
4.39%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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