ACME Solar Holdings Limited (ACMESOLAR) Earnings Call Transcripts

ACME Solar Holdings Limited's Latest Earnings Call - Q4 FY2026

In Q4 and FY '26, ACME Solar Holdings Limited reported a significant revenue increase of 31% year-over-year to INR 705 crores for the quarter and 59% to INR 2,507 crores for the fiscal year. The company achieved an EBITDA margin exceeding 90% due to operational efficiencies and capacity additions. Management maintained a positive outlook, emphasizing their focus on battery energy storage systems (BESS) and a strong order book, while also highlighting regulatory tailwinds that could enhance future growth. The PAT for Q4 was INR 138 crores, with a full-year PAT of INR 498 crores, reflecting margins of 19.6% and 19.9%, respectively.

Reported metrics

Guidance from management

Management maintained a positive outlook, targeting the commissioning of 1.5 gigawatts of projects and 10 gigawatt hours of battery capacity in FY '27, indicating a strong commitment to growth and operational execution.

What management said

Thank you, Nikunj. Good morning, everyone. Thank you all for joining us today. I'm Nikhil Dhingra, CEO of the company. I would like to begin by expressing my sincere gratitude to Rajat Kumar Singh for his valuable contributions to the company during his tenure as the CFO. He has decided to pursue career opportunities outside of ACME. I wish him all the best in his future endeavors. Arun Chopra has now been appointed...

Puneet, thanks for the query. So in terms of last quarter, this quarter we have done approximately around INR 1,200 crores of CapEx on the battery. I think for this quarter, it is still going on. So we will update you once this quarter finishes. But in the last quarter, we did around -- basically last quarter was around INR 1,000 crores to INR 1,200 crores.

What analysts pressed on

Analysts expressed concerns regarding potential curtailment impacts and the sustainability of the current EBITDA margins. Questions were raised about the future project allocations and the ability to maintain operational efficiency amidst increasing capacity.

Main topics on the call

• Revenue Growth — ACME Solar reported total revenue of INR 705 crores for Q4 and INR 2,507 crores for FY '26, marking increases of 31% and 59% year-over-year, respectively. Management stated, "driven by capacity addition and higher CUS," ...
• Battery Energy Storage Systems (BESS) — The company successfully commissioned approximately 2.3 gigawatts of BESS capacity, generating net realizations of around INR 2.2 crores per day. Management noted that "these BESS capacities are running on merchant and s...
• Operational Efficiency — ACME achieved an EBITDA margin of over 90% for both Q4 and FY '26, attributed to favorable operating leverage and optimized operational efficiency. This reflects the company's ability to manage costs effectively while sc...
• Regulatory Developments — Recent regulatory updates, including the clarification from MNRE regarding BESS operations, are expected to drive a more streamlined bidding framework. Management highlighted that "CERC has issued a draft suo moto order ...

Read the full ACME Solar Holdings Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 3 ACME Solar Holdings Limited earnings call transcripts on record, spanning November 4, 2025 to July 30, 2026. Based on this history, ACME Solar Holdings Limited reports semi-annually. The most recent call on file is dated July 30, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

ACMESOLAR

Exchange

NSEI

Country

IN

Sector

Utilities

Industry

Independent Power and Renewable Electricity Producers

Calls on record

3

First call

November 4, 2025

Most recent

July 30, 2026

Reporting cadence

semi-annually