Acme Solar Reports Total Revenue of INR 954 Cr (up 63% YoY), EBITDA of INR 831 Cr (up 56% YoY) and PAT of INR 235 Cr (up 80% YoY) for Q1 FY27
Key Highlights for Q1 till date:
* Highest ever Revenue and EBITDA achieved for the quarter
* Highest ever quarterly CUF achieved at 30.9%
* 600 MW of FDRE/Hybrid PPAs signed with SECI, taking total UC PPA signed capacity to 3,880 MW entailing ~15 GWh[1] BESS installations
* Commissioned ~2.3 GWh BESS, taking total commissioned BESS capacity to ~3.62 GWh
* Phased operationalization of ~3.1 GWh of BESS capacity generated revenue of INR 226 Cr in Q1 FY27
* BESS Capacity ordered for entire UC PPA signed portfolio
* Bids won for short term contracts with INR 1,400+ Cr revenue lock-in for partial sale of FY27 BESS capacity
Financial Highlights
Key Consolidated Financial Highlights are as follows: -
|
Particulars (INR Cr)[2] |
Quarterly Performance |
||
|
Q1 FY27 |
Q1 FY26 |
% Change |
|
|
Total Revenue |
954 |
584 |
63.3% |
|
EBITDA |
831 |
531 |
56.5% |
|
EBITDA Margin |
87.1% |
90.9% |
|
|
PAT |
235 |
131 |
79.9% |
|
PAT Margin |
24.7% |
22.4% |
|
|
Cash PAT[3] |
390 |
254 |
53.4% |
Consolidated Financial Highlights:
* Total Revenue increased by 63.3% for the quarter (y-o-y basis), driven by higher irradiation, plant performance, RE and BESS capacity addition
* EBITDA margin of 87.1% in Q1 FY27, marginally lower YoY as it also includes cost of power purchased for BESS operations under operating expenses
* PAT stood at INR 235 Cr with PAT margin of 24.7%
Business Highlights
* Capacity Commissioned:
* Commissioned ~2.3 GWh during the quarter till date, taking the cumulative commissioned BESS capacity to ~3.62 GWh
* BESS Updates:
* Bids won for short term contracts with INR 1,400+ Cr revenue lock-in for partial sale of FY27 BESS capacity
* Revised upward guidance to commission cumulative 10+ GWh BESS capacity by FY27
* BESS Capacity ordered for entire UC PPA signed portfolio till date, from suppliers including CATL and Hithium among others
* PPA Signed:
- PPAs signed for 600 MW during Q1 FY27:
- PPA signed for ACME Renewtech Sixth 300 MW FDRE with SECI at a tariff of INR 6.28/unit
- PPA signed for ACME Renewtech Fifth 300 MW Hybrid with SECI at a tariff of INR 3.25/unit
-
The under construction PPA signed portfolio stands at 3,880 MW
- Financing, and Rating Updates:
- Debt tied up of over INR 6,000+ Cr for 700 MW of under construction FDRE projects with REC and PFC
- Weighted average cost of debt for Operational projects stands at 8.4%
- Operational 300 MW Acme Heergarh project assigned ICRA AA- rating; 150 MW Acme wind projects – Acme Pokhran and Acme Eco Clean assigned Crisil A+ rating
-
Under construction 150 MW Acme Platinum Urja FDRE assigned ICRA A- rating
- Connectivity and Land Update:
- Connectivity available, secured and/or applied across all under-construction projects, including projects where PPAs are yet to be signed
- Over 18,000 acres of land acquired for under construction portfolio
Operational Highlights
- 2,020 million units (MUs) sold in Q1 FY27 up 23.4% from Q1 FY26 driven by capacity addition, higher irradiation and plant performance
- Capacity utilization factor has increased from 28.5% in Q1 FY26 to 30.9% in Q1 FY27
- Plant availability and grid availability at 99.2% and 98.8% respectively for Q1 FY27
Above views are of the author and not of the website kindly read disclaimer
