Question 1

What are the key takeaways from Acme Solar Holdings Limited?

Accepted Answer

ACME Solar Q4 FY26: Total revenue ₹705 crores (Q4) / ₹2,507 crores (FY26); PAT ₹138 crores (Q4), ₹498 crores (FY26) Q4 and FY26 consolidated results (transcript covers audited standalone and consolidated results). Total revenue was reported at INR 705 crores in Q4 and INR 2,507 crores for FY26, up 31% and 59% YoY respectively. Profitability remained high with EBITDA margin of over 90% (quarter and full year) and PAT of INR 138 crores (Q4) / INR 498 crores (FY26) (margins ~19.6%/19.9%). Manageme…

Question 2

What were Acme Solar Holdings Limited's key financial metrics?

Accepted Answer

Total revenue Q4 FY26: INR 705 crores (vs ₹538 crores in Q4 FY25); Total revenue FY26: INR 2,507 crores (vs ₹1,576 crores in FY25); Other income Q4 FY26: INR 157 crores (vs ₹X in Q4 FY25); EBITDA margin Q4 FY26: over 90% (vs over 90% in Q4 FY25)

Question 3

What were the highlights of Acme Solar Holdings Limited?

Accepted Answer

ACME commissioned ~2.3 GW of BESS and reported the BESS delivering net realization of ~INR2.2 crores per day. Total revenue grew strongly: Q4 INR 705 crores (+31% YoY) and FY26 INR 2,507 crores (+59% YoY), driven by capacity additions and higher CUF. EBITDA margin remained elevated at over 90% for both quarter and full year due to operating leverage and operational efficiency. Company has committed capex of INR 12,475 crores, of which INR 6,445 crores was incurred during the year and POs aggreg…

Question 4

What is the outlook or guidance for Acme Solar Holdings Limited?

Accepted Answer

We are targeting 1.5 gigawatts of projects in this financial year and around 10 gigawatt hour of battery. Formal guidance: Under-construction PPA-signed capacity (3,280 MW) expected to be commissioned by FY28 (PPA-signed tranche). Management commentary: prioritize early BESS installation at operational substations to ‘prepone’ battery revenue and capture night-time arbitrage (merchant / short-term sales).

Question 5

What are the key risks or concerns for Acme Solar Holdings Limited?

Accepted Answer

Transmission/connectivity delays: CTU timelines can shift (management assumes up to ~6 months delay) and materially affect solar commissioning timing. Supply / geopolitical risk for batteries and equipment could impact ability to hit the 10 GWh target (management admits dependence on supply factors). Sustainability of merchant BESS arbitrage uncertain — management says 'anybody's guess' on duration and cites assumptions that price may stay elevated for ~4–5 years but not definitive.

Acme Solar Holdings Limited

Quarterly Results 8

Annual Reports 1

Concalls 7

Acme Solar Holdings Limited

Quarterly Results 8

Annual Reports 1

Concalls 7