ACME Solar shares rose as much as 5% to an intraday high of ₹432 on the NSE on October 29, 2026, after the company reported that second-quarter profit more than doubled. A subsidiary also signed a 400 MW power purchase agreement with NTPC.

Key Takeaways

  • Profit after tax rose to ₹269 crore in Q2 FY27 from ₹115 crore a year earlier.
  • ACME Solar raised its FY27 battery storage commissioning target to more than 12 GWh from 10 GWh.
  • The NTPC agreement sets a scheduled supply commencement date of June 30, 2028.

ACME Solar shares follow earnings growth

Revenue rose 67.5% year over year to ₹1,007 crore in the second quarter of fiscal 2027, from ₹601 crore. The company attributed the increase primarily to battery energy storage and renewable energy capacity additions.

Profit after tax increased 133.5%, with a margin of 26.7%. The EBITDA margin was 86.7%, marginally lower than a year earlier; the company said operating expenses included the cost of power purchased for battery storage operations.

The ₹432 share price was an intraday high, not a closing price.

Storage target and power generation

ACME Solar said its commissioned battery energy storage capacity reached 5.2 GWh. Its new target of more than 12 GWh for FY27 is a commissioning goal, not completed capacity.

Power generation increased 19.6% to 1,840 million units from 1,539 million units in the same quarter a year earlier. The company attributed the increase to capacity additions and higher irradiation.

NTPC power purchase agreement

Wholly owned subsidiary ACME Marigold Urja signed the agreement with NTPC for a 400 MW firm and dispatchable renewable energy project under NTPC’s FDRE Tranche 01. The tariff is ₹4.37 per unit, and the agreement runs for 25 years from the scheduled commencement of supply.

Separately, NTPC’s 2024 FDRE-01 tender notice sought 1,200 MW of firm and dispatchable renewable power with assured peak supply. The notice provides background on the tender; it does not establish the reported agreement or its terms.

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