ACME Solar Holdings reported more than doubling of its consolidated net profit to around ₹267 crore in Q2 FY27 compared to ₹115 crore a year-ago aided by higher power generation and better capacity utilisation.
Consolidated total income rose to roughly ₹101 crore compared to ₹95 crore in Q1 FY27 and ₹60 crore in Q2 FY26.
ACME Solar’s consolidated total expenses also rose to around ₹134 crore in Q2 FY27 against ₹123 crore in Q1 FY27 and ₹68 crore in Q2 FY26.
The company’s power generation rose by more than 19 per cent to 1,840 million units (MU) in Q2 FY27, compared with 1,539 MU in Q2 FY26. The capacity utilisation factor (CUF) improved to 27.8 per cent from 24.1 per cent.
While plant availability remained strong at 99.3 per cent, grid availability stood at 99.2 per cent. The company also reported an incremental sale of 324 MUs through short-term peak-power battery energy storage system (BESS) operations.
ACME Solar commissioned roughly 2.1 gigawatt-hour (GWh) of battery energy storage system (BESS) capacity during the July-September quarter this fiscal year, taking its total commissioned capacity to around 5.2 GWh, making it India’s second-largest BESS operator by capacity, the company claimed.
Around 19 GWh of BESS capacity was contracted with reputed suppliers including CATL, Hithium, Ganfeng Li Energy, Trina, CLOU amongst others, it added.
It has also signed power purchase agreements (PPAs) for 430 megawatt (MW) of firm and dispatchable renewable energy (FDRE) capacity, taking its total contracted capacity to 4,310 MW.
The company raised its FY27 cumulative BESS commissioning target to more than 12 GWh from 10 GWh. It also increased its 2030 renewable energy generation capacity target to 15 GW from 10 GW.
Published on October 29, 2026
