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ACME Solar shares rise 3% as quarterly profit more than doubles

ACME Solar reported revenue up 67.5% and net profit up 133.5%, and raised its battery storage and renewable capacity targets for the coming years.

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what happened

Shares of ACME Solar Holdings Ltd. traded more than 3% higher on Thursday, October 29, after the company published results for the second quarter of fiscal 2027, according to TradingView. Revenue reached 1,007 crore rupees, up 67.5% from 601 crore a year earlier. EBITDA climbed 63.6% to 874 crore, while net profit more than doubled to 269 crore from 115 crore. The EBITDA margin eased to 86.7% from 88.8%.

The company credits the growth to its battery energy storage systems (BESS) and new renewable generation capacity. It commissioned about 2.1 GWh of BESS during the quarter, bringing cumulative commissioned capacity to roughly 5.2 GWh. The FY27 BESS commissioning target was lifted to more than 12 GWh from 10 GWh, and the 2030 renewable generation target was raised to 15 GW from 10 GW.

ACME Solar said it has secured over 1,600 crore rupees of revenue visibility from partly selling its FY27 BESS capacity under short-term contracts, and more than 1,500 crore rupees from partly selling FY28 capacity so far. The remaining capacity is expected to be contracted through future bids.

why it matters

For investors, the key points are fast revenue growth from energy storage and contracts already signed for future years. It points to solid demand for storage in India's renewables sector, although share moves on results usually depend on each company's own execution.

market impact

ACME Solar shares: higher profit and contracts support the stock

  • ACME Solar shares pressure up — revenue and profit growth of more than double and new energy storage contracts

tags

EarningsStockIndia

instruments

ACME Solar HoldingsIndian renewables stocksBESS capacity

sources

  1. ACME Solar shares gain 3% after Q2 profit more than doubles; capacity targets raised — TradingView, 29 October 2026 at 04:16 UTC

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