ACME Solar shares rise 5% after Q2 profit grows 133.5%

ACME Solar shares rose by up to 5% on Thursday after the company reported a 133.5% year-on-year increase in Q2 FY27 profit after tax to ₹269 crore. ACME Solar said revenue growth was primarily driven by battery energy storage system and renewable-energy capacity additions. Its subsidiary also signed a 400 MW power purchase agreement with NTPC, with supply scheduled to begin on 30 June 2028.

Q2 FY27 profit reaches ₹269 crore as revenue rises to ₹1,007 crore 

ACME Solar’s Profit after Tax for Q2 FY27 has increased by 133.5% YoY to ₹269 crores versus ₹115 crores in Q2 FY26. Profit after Tax margin for the quarter stands at 26.7%. 

The company’s revenue for Q2 FY27 stood at ₹1,007 crore as against ₹601 crore in Q2 FY26, recording a year-on-year growth of 67.5%. This growth is largely due to additions to battery energy storage systems as well as to renewable energy capacity. 

ACME Solar shares reach ₹432 on the NSE 

ACME Solar shares rose by up to 5% to an intraday high of ₹432 on the NSE on Thursday, according to the company's exchange filing. 

Battery-storage capacity reaches 5.2 GWh 

ACME Solar commissioned 2.1 GWh of battery energy storage system capacity during the quarter to date, taking its total commissioned capacity to 5.2 GWh. The company also commissioned battery energy storage system capacity and completed solar-enabled partial commissioning of projects totalling 1.9 GW. 

ACME Solar raised its FY27 battery energy storage system commissioning target to more than 12 GWh, from the earlier target of 10 GWh.

NTPC project has a 30 June 2028 supply start date 

ACME Solar’s wholly owned subsidiary, ACME Marigold Urja executed a Power Purchase Agreement with NTPC for a 400 MW firm & dispatchable renewable energy project under NTPC’s FDRE Tranche 01. 

Date of commencement of supply is 30 June 2028 and project will complete in 25 years from the said date. Contracted tariff per unit is ₹4.37. 

Power generation reaches 1,840 million units in Q2 FY27 

ACME Solar’s power generation has gone up by 19.6% to 1,840 million units in Q2 FY27 over 1,539 million units in Q2 FY26. The company has generated 324 million units extra power through short-term peak-power battery energy storage system sales. 

The Company’s capacity utilization for the quarter increased to 27.8% in Q2 FY27 from 24.1% in Q2 FY26. Plant and grid availability for Q2 FY27 were 99.3% and 99.2% respectively.