Suryoday SFB Profit Surges 2X; ACME Solar Expands BESS Capacity

Suryoday Small Finance Bank recorded an over two-fold increase in its net profit for the first quarter ending June 30, 2026, reaching Rs 75.18 crore. This significant jump in Q1FY27 highlights robust performance compared to the previous fiscal year.

Suryoday Bank Q1FY27 Performance

• Q1FY27 Net Profit: Rs 75.18 crore
• Q1FY26 Net Profit: Rs 35.28 crore
• Total Income Q1FY27: Rs 770.22 crore
• Total Income Q1FY26: Rs 603.82 crore
• Total Income Increase: 27.56%

Concurrently, ACME Solar Holdings announced a substantial expansion in its Battery Energy Storage System (BESS) capacity. The company, through its subsidiaries, commissioned approximately 2.29 GWh of BESS during the current financial year up to July 23, 2026.

ACME Solar BESS Milestones

• New BESS Capacity (FY27 until July 23, 2026): 2.29 GWh
• Overall Operational BESS Capacity: 3.62 GWh
• Project Sites: Three in Rajasthan

This rapid scale-up positions ACME Solar Holdings as a key player in India’s BESS sector. The company notes its contribution to grid stability, peak-hour demand support, and the advancement of reliable, round-the-clock renewable power solutions.

In a separate development, RMC Switchgears secured Letters of Award (LoA) from Jaipur Vidyut Vitran Nigam. The orders total Rs 2.84 crore for 100 Amp. L.T. Distribution Kiosks designed for underground cabling.

RMC Switchgears Order Details

• Order Value: Rs 2.84 crore
• Client: Jaipur Vidyut Vitran Nigam
• Product: 100 Amp. L.T. Distribution Kiosks
• Execution Period: 6 years

The six-year execution period for RMC Switchgears’ order is expected to bolster its order book significantly. This development forecasts a positive impact on the company’s future revenue and growth prospects in the long term.